Excitement as Trump Appoints David Sacks as The White House’s AI and Cryptocurrency Policy Chief
Donald Trump made the announcement via his Truth Social account, praising David's diverse background across tech, entertainment, and policymaking
U.S. President-elect Donald Trump has appointed tech leader David O. Sacks as the White House’s first-ever AI and Cryptocurrency czar.
He made the announcement via his Truth Social account, praising David’s diverse background across tech, entertainment, and policymaking, emphasizing that his intersectional experience positions him as a notable choice for the newly created role.
Donald Trump Push David Sacks’ Portfolio
“David has the knowledge, business experience, intelligence, and pragmatism to MAKE AMERICA GREAT in these two critical technologies,” Trump posted on his social media
“He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the US,” he further added.
David Sacks, is a prominent Silicon Valley entrepreneur and investor, with a blend of expertise in technology, business, and policy.
He was a former COO at PayPal, running the payment platform alongside tech giant and billionaire, Elon Musk. He also co-founded Yammer, a business social networking platform that Microsoft acquired for $1.2 billion in 2012.
Recently, he co-founded a company, Craft Ventures, and turned podcaster, gaining prominence as a co-host of the All-In podcast.
Building on Campaign Promises
His appointment aligns with Trump’s campaign promises, in which he promised a more pro-crypto stance. This stance has garnered him widespread support from the crypto community and earned him significant backing from top crypto industry executives.
Additionally, the president-elect has also appointed other pro-crypto figures, including Paul Atkins to chair the Securities and Exchange Commission after the current chair, Gary Glesner, exits the role next year.
Industry leaders are positive these moves will lead to a more favorable regulatory environment and stem enforcement actions against crypto companies particularly in the U.S.
Unsurprisingly, Sacks’ appointment has already made an impact. Markets reacted swiftly, with Bitcoin surpassing surging past its ATH of $100,000 for the first time following the announcement.
The rest of the market is also experiencing a major bull run, driven by the anticipation of more relaxed regulatory crackdowns on cryptocurrency in the incoming Trump administration.
With this appointment, the U.S. stands poised to lead the world in AI and cryptocurrency, setting the stage for unprecedented innovation and economic growth.
