12 views 3 mins 0 comments

Trump Names Silicon Valley Conservative as White House A.I. and Crypto Czar

In Citizen
January 18, 2025

Transitioning from the

Transition of power

Transition of power

Prom

President Trump has appointed David Sacks, a prominent venture capitalist and podcast host, to be in charge of overseeing cryptocurrency and artificial intelligence in Silicon Valley. Sacks has advocated for less strict regulation of these new technologies.

Written by Theodore Schleifer

For a number of years, Theodore Schleifer has been covering the political involvements of David Sacks in his writing.

President-elect Donald J. Trump has chosen a well-known conservative figure from Silicon Valley to assist in managing American tech policy.

The president-elect announced on social media that David Sacks, a venture capitalist and former executive at PayPal who started a successful podcast, will be appointed as the "White House A.I. and Crypto Czar." Sacks is known to be a friend of Elon Musk and has been one of the individuals pushing Musk to become more involved in Republican politics in recent years.

This new role confirms that the Trump administration is likely to adopt a more relaxed approach towards regulating technology, especially cryptocurrencies. These digital assets have increased in value since Trump’s election, and Trump himself has a financial stake in them. The appointee, Mr. Sacks, is the head of a venture capital firm and has advocated for looser regulations on cryptocurrencies and artificial intelligence.

In the Trump transition team, Mr. Sacks emerged victorious in a discussion about the oversight of artificial intelligence and crypto roles. While others suggested having separate individuals handle each area, Mr. Sacks was ultimately selected to oversee both in a combined role.

"David has been appointed to lead the policy-making efforts for the Administration in the fields of Artificial Intelligence and Cryptocurrency, which are essential for America’s future competitiveness," stated Mr. Trump during a Thursday evening announcement. "David’s main objective will be to ensure that America becomes the top global leader in both of these areas."

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

We are currently experiencing difficulty accessing the content of the article.

Kindly activate JavaScript in your browser’s configurations.

We appreciate your understanding as we confirm your access. If you are currently using Reader mode, please close it and sign in to your Times account or consider subscribing to access all of The Times content.

We appreciate your understanding as we confirm access.

Have a subscription already? Please sign in.

Looking to access all content from The Times? Sign up for a

Prom

Index of Pages

Navigation for Site Information