We can't open x links as X is suing privacy respecting proxies, so I can't assess which David Sacks you are talking about, but if you mean this guy [1] orbiting the likes of Thiel, Trump and Kennedy jr, than that isn't quite the endorsement you should be looking for. Thiel thinks regulators are the anti-christ, doesn't believe in democracy and has surely not your or my interests in mind.

But yes, regulatory capture is surely a thing. At the same time, watch out for the siren songs from the overlords. If you come closer you'll hear their actual line: "rules for thee, not for me."

[1] https://en.wikipedia.org/wiki/David_Sacks