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Trump Names Top Silicon Valley Conservative to Oversee Crypto and A.I. in Transition Team

In Citizen
January 18, 2025

Transition of power from

Transition of power

Transition of power

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Trump has appointed David Sacks, a prominent venture capitalist from Silicon Valley, to oversee the regulation of cryptocurrencies and artificial intelligence. Sacks, who also hosts a popular podcast, has advocated for less strict regulation of these new technologies.

Written by Theodore Schleifer

For a few years now, Theodore Schleifer has been writing about David Sacks’ involvement in politics.

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

The president-elect announced on social media that David Sacks, a venture capitalist and former PayPal executive, will be taking on the role of "White House A.I. and Crypto Czar." Sacks, who is known for launching a successful podcast, is also a close friend of Elon Musk. Over the past year, he has been one of the individuals encouraging Musk to become more involved in Republican politics.

This new position confirms the Trump administration’s intention to have a more relaxed approach towards regulating technology, especially cryptocurrencies which have increased in value since Trump’s election. The person appointed for this role, 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. This aligns with Trump’s personal business interests in these areas.

In the Trump transition team, Mr. Sacks successfully advocated for a unified approach to overseeing artificial intelligence and crypto. Instead of having separate individuals in charge of each area, Mr. Sacks was appointed to oversee both together.

On Thursday evening, Mr. Trump announced that David will be responsible for shaping policies related to Artificial Intelligence and Cryptocurrency for the Administration. These two areas are important for ensuring American competitiveness in the future. David’s main goal will be to position America as the top global leader in both fields.

According to his firm, Mr. Sacks does not hold a full-time position. He has expressed to friends that he prefers not to have a formal role that would take him away from overseeing 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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