Former PayPal executive and renowned venture capitalist David O. Sacks has been appointed by Donald Trump as the White House’s first “AI & Crypto Czar.” This new role is part of Trump’s plan to position America as a global leader in artificial intelligence (AI) and cryptocurrency, two rapidly growing fields shaping the future.
The announcement came shortly after Bitcoin reached its $100k milestone.
In a post on Truth Social, Trump announced Sacks’ appointment and highlighted his mission to create a clear legal framework for the cryptocurrency sector. However, Trump’s decision to appoint Sacks arose from his impressive track record as a tech entrepreneur and investor.
Sacks was a founding COO of PayPal and a key member of the “PayPal Mafia,” a group that helped shape Silicon Valley. His expertise in both technology and finance gives him a solid foundation to tackle the challenges and opportunities in AI and crypto.
Some experts suggest that Trump’s decision may also be a reward for Sacks’ loyal support during the campaign. Sacks played an important role in fundraising for Trump, raising $12 million during a high-profile event earlier this year.
As AI and cryptocurrency continue to grow, Sacks will focus on establishing clear rules for the crypto industry to reduce confusion and encourage growth in the U.S. His goal is to support crypto businesses and help position the United States as a global leader in digital innovation.
Trump has also stated that Sacks will work to “steer us away from Big Tech bias and censorship,” ensuring a more balanced digital environment that supports free speech. Sacks will focus on protecting online freedom of expression, ensuring that it remains a priority in the digital age.
In addition to his new role, Sacks will chair the Presidential Council of Advisors for Science and Technology, advising the administration on emerging technologies. Sacks is a well-known supporter of Trump and has strong ties within the tech industry, including with Elon Musk.
Musk, who is driving advancements in AI through xAI and the Grok chatbot, could bring fresh ideas and potential partnerships to the administration’s tech strategy.
As the U.S. sets its sights on becoming a global leader in AI and crypto, David Sacks’ strategic vision could be the driving force behind that ambition.
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