President-elect Donald Trump has appointed David Sacks, former PayPal COO, as the new White House czar for artificial intelligence (AI) and cryptocurrency. Sacks, known for his significant contributions to the tech industry, will oversee the administration’s policies on AI and digital assets. His role includes shaping U.S. strategy in these critical sectors positioning the country as a global leader in innovation.
In a Truth Social post, Trump praised Sacks’ deep experience in AI and crypto industries. He described these sectors as essential for America’s future competitiveness and expressed confidence in Sacks’ ability to lead the charge. Trump highlighted that Sacks would work on the issue of allegedly bias and censorship by Silicon Valley tycoons for free speech on social media platforms.
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David Sacks’ Role and Responsibilities
As the newly appointed AI and crypto czar, Sacks will chair the Presidential Council of Advisors for Science and Technology. This high-profile position underscores his importance in shaping the future of digital innovation and policy in the U.S. Sacks will coordinate efforts to create clear regulatory guidelines for the crypto industry, where much uncertainty remains.
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The extent of Sacks’ tech career is well known; he is an entrepreneur who co-founded Yammer, a social networking company recently acquired by Microsoft, and later founded Craft Ventures, a venture capital firm.
His experience and background in Silicon Valley give him a unique perspective on the challenges and opportunities within the AI and crypto sectors. Trump’s team views him as a perfect fit to bring clarity and innovation to U.S. policies in these rapidly developing industries.
In addition to appointing Sacks, Trump recently named Paul Atkins the new SEC chair. Atkins, who served as a commissioner from 2002 to 2008, is part of a new team at the SEC that includes Commissioners Hester Peirce and Mark Uyeda. This team is expected to bring a more balanced and practical approach to crypto regulation, according to Ripple CEO Brad Garlinghouse.
Following these announcements, Bitcoin’s price surged past $100,000, marking a significant milestone. The appointments have been met with optimism within the crypto community, which sees them as a step toward more transparent and supportive digital asset space policies.
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Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.