Hassan Maishera
TL;DR
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President-elect Donald Trump has named David Sacks as White House AI and Crypto Czar.
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The former PayPal Chief Operating Officer will help craft a legal framework for the crypto industry.
David Sacks Becomes White House AI and Crypto Czar
President-elect Donald Trump has appointed David Sacks as the White House's AI and Crypto Czar. He made this announcement in a TruthSocial post on Thursday night. In his announcement, Trump said,
"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."
JUST IN: 🇺🇸 President-elect Trump says his new crypto Czar David Sacks will "work on legal framework so the crypto industry has the clarity it has been asking for."
— Watcher.Guru (@WatcherGuru) December 6, 2024
Sacks is a venture capitalist, a limited partner in MultiCoin Capital, and also a general partner and co-founder at Craft Ventures, which counts BitGo and Bitwise as portfolio companies
Sacks, a former Chief Operating Officer at PayPal, will be tasked with helping craft a legal framework for the crypto industry. Trump said he would also "safeguard Free Speech online and steer us away from Big Tech bias and censorship."
This latest development comes roughly 24 hours after the president-elect named former SEC Commissioner Paul Atkins to head the securities regulator. Atkins is a popular name within the crypto ecosystem, working with The Digital Chamber, an industry lobbying group, and advising Reserve and Securitize.
