Trump pick David Sacks as White House’s AI and crypto czar

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As a seasoned researcher with extensive experience in tech policy and regulation, I find this development under Trump’s administration quite intriguing. The appointment of David Sacks, a venture capitalist with deep roots in the Silicon Valley, as the White House’s AI and Crypto Czar, is a strategic move that could potentially reshape the U.S.’s role in the global crypto landscape.

Under his leadership, Trump intends to foster a more welcoming regulatory environment for cryptocurrencies within his administration by establishing a dedicated crypto role at the White House. This key position has been filled by appointee David Sacks.

The newly elected U.S. President, Donald Trump, revealed that venture capitalist David Sacks from Craft Ventures will assume a role as the White House’s advisor on Artificial Intelligence (AI) and cryptocurrencies. This new position has been created within the government following Trump’s ambition to establish the United States as the global leader in cryptocurrency.

Sacks is tasked with overseeing AI and cryptocurrency regulations, developing legal structures for these sectors, and heading the President’s Council of Scientific Advisors. In essence, he will steer these domains and provide counsel on scientific matters.

I’m thrilled to share that David O. Sacks has been appointed as the “AI and Crypto Lead” at the White House. In this significant position, David will oversee policy formulation for the Administration concerning Artificial Intelligence and Cryptocurrency, two sectors pivotal to America’s future competitiveness.

Trump says in his Truth Social post on Dec. 06

The role is anticipated to enhance advocates for cryptocurrencies, in alignment with the president’s guidance. Additionally, this position would act as a bridge between Trump, Congress, and relevant crypto regulatory bodies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

David Sacks supports Trump’s campaign

As reported by Bloomberg, Sacks plays a significant role in enhancing Trump’s campaign contributions from the tech sector, given his position as a venture capitalist based in San Francisco. Moreover, he maintains a close relationship with the incoming Vice President JD Vence.

In his new role, Sacks will collaborate extensively with Elon Musk as the Head of the Department of Streamlined Governance (D.O.S.G). As a unique government appointee, similar to Elon, Sacks is exempt from disclosing public financial holdings and can dedicate up to 130 days annually for his duties.

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2024-12-06 06:08