Trump Appoints David Sacks as 'Czar of AI and Cryptocurrency'
Crypto/Politics/Tech

Trump Appoints David Sacks as 'Czar of AI and Cryptocurrency'

David Sacks, former COO of PayPal, has been selected by President-elect Donald Trump to oversee policies in AI and cryptocurrency, aiming to boost America's competitive edge in these sectors.

President-elect Donald Trump has appointed David Sacks as the AI and Crypto Czar in a TruthSocial announcement on Thursday night.

"David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas," Trump posted.

Sacks is a limited partner at MultiCoin Capital, co-founder at Craft Ventures, and the former COO of PayPal. Trump added that Sacks will help ensure clarity in the crypto sector, saying, "[Sacks] will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S."

This decision suggests a continued emphasis on technology and financial regulation in the incoming administration.

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