Joe Lonsdale, co-founder of Palantir and founding partner of 8VC, recently appeared on CNBC’s ‘Squawk Box’ to highlight his perspectives on a national crypto reserve, citing concerns about the volatility and regulatory challenges associated with cryptocurrencies.
Lonsdale also addressed the recent dismantling of the U.S. Agency for International Development (USAID) under the Trump administration’s Department of Government Efficiency (DOGE) initiative, emphasizing the need for effective foreign aid programs while acknowledging the importance of reducing inefficiencies.
Regarding DOGE’s spending cuts, he highlighted the potential benefits of streamlining government operations but cautioned against undermining essential services.
Additionally, Lonsdale commented on the contentious Oval Office meeting between President Trump and Ukrainian President Zelenskyy, underscoring the complexities of international diplomacy and the importance of maintaining strong alliances.
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