POTUS continues to add crypto-friendly advisers and leaders to his ranks
President-elect Donald Trump has tapped David Sacks, a former PayPal executive and venture capitalist, as his lead policy adviser for artificial intelligence and cryptocurrency. Announced via Truth Social today, Sacks will take on the role of “White House A.I. & Crypto Czar,” with responsibilities that include shaping policies for technology innovation and safeguarding online freedom of speech.
Sacks, a known tech entrepreneur and early executive at PayPal, has built a reputation in the business world through ventures like Yammer, a social networking platform acquired by Microsoft for $1.2 billion, and his co-founding of Craft Ventures, a prominent venture capital firm. Recently, he’s gained attention as a co-host of the All In podcast, a platform discussing business, politics, and technology.
Trump’s choice reflects his campaign’s focus on advancing cryptocurrency and technology innovation in the US. During his presidential bid, Trump pledged to establish the country as a global leader in cryptocurrency, gaining substantial financial backing from industry executives. Sacks himself hosted a fundraiser for Trump’s campaign earlier this year, reportedly raising $12 million.
Sacks will also serve as chair of the Presidential Council of Advisors for Science and Technology, where his expertise is expected to guide policymaking in critical areas. His responsibilities include creating a legal framework to provide regulatory clarity for the cryptocurrency industry, a move aimed at fostering growth within the sector.
This announcement follows Trump’s appointment of Paul Atkins, another pro-crypto advocate, to chair the Securities and Exchange Commission. Industry leaders hope these appointments signal a shift toward more favorable regulatory conditions for digital assets.
Interestingly, a memecoin bearing Sacks’ name surged by 16,000% after Trump’s announcement, showcasing the influence of these developments on the cryptocurrency market.
Editor at the Big Blind, is a rising star in gambling journalism with a decade of experience, focusing on clear and accessible communication for a diverse audience.
