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Trump Appoints Top Silicon Valley Conservative to Lead A.I. and Crypto Policy

In Citizen
January 18, 2025

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Donald Trump has appointed David Sacks, a prominent conservative figure in Silicon Valley and venture capitalist, to lead the oversight of cryptocurrency and artificial intelligence. Sacks, who is also known for hosting a successful podcast, advocates for less government regulation in the development of these new technologies.

Written by Theodore Schleifer

For the past few years, Theodore Schleifer has been covering the political involvements of David Sacks.

President-elect Donald J. Trump has selected a well-known conservative figure from Silicon Valley to assist in managing technology policy in the United States.

The president-elect announced on social media that David Sacks, a venture capitalist and former executive at PayPal, will serve as the "White House A.I. and Crypto Czar." Sacks, a close friend of Elon Musk, has been urging Musk to become more involved in Republican politics for the past year.

This new position confirms that the Trump administration plans to have a more relaxed approach to regulating technology and cryptocurrencies. This is significant because cryptocurrencies have seen a significant increase in value since Trump’s election, and Trump himself has a business interest in them. The person appointed to this new position, Mr. Sacks, is the leader of a venture capital firm called Craft Ventures and has advocated for a more lenient policy on both cryptocurrency and artificial intelligence.

Mr. Sacks emerged victorious in a conflict during the Trump transition process. Instead of having different individuals oversee artificial intelligence and crypto separately, some were proposing this to Mr. Trump’s team. However, Mr. Sacks was ultimately selected to oversee both areas together in a joint role.

During a statement on Thursday evening, Mr. Trump announced that David will be responsible for shaping the Administration’s approach to Artificial Intelligence and Cryptocurrency, which are important for America’s future competitiveness. The goal is for America to become the top global leader in both of these areas.

According to his firm, Mr. Sacks does not hold a full-time position. He has mentioned to friends that he chose not to take on a formal role because it would mean stepping away from his responsibilities managing his venture capital fund. Recently, Mr. Sacks revealed that his firm is leading a new round of funding for a start-up.

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