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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 in Silicon Valley, to oversee the regulation of cryptocurrency and artificial intelligence. Sacks, who also hosts a popular podcast, has advocated for less strict regulation of these innovative technologies.

Written by Theodore Schleifer

For a few years now, Theodore Schleifer has been covering the political endeavors of David Sacks in his writings.

President-elect Donald J. Trump has appointed a well-known conservative investor, donor, and media 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 executive at PayPal, will be appointed as the "White House A.I. and Crypto Czar." Sacks, who is known for launching a popular podcast, is a close associate of Elon Musk and has been urging him to become more involved in Republican politics in recent years.

This newly created position indicates that the Trump administration plans to have a more relaxed approach to regulating technology, especially cryptocurrencies. These digital assets have increased in value since Trump became president, and Trump himself has financial interests in them. The person appointed to this position, Mr. Sacks, is the leader of a venture capital firm called Craft Ventures and advocates for looser regulations on both cryptocurrency and artificial intelligence.

Mr. Sacks emerged victorious in a conflict during the Trump transition process. Individuals were proposing that separate individuals oversee artificial intelligence and crypto for Mr. Trump’s team, but ultimately Mr. Sacks was selected to oversee both in a combined role.

On Thursday evening, Mr. Trump announced that David will be responsible for shaping policy in Artificial Intelligence and Cryptocurrency, which are important for America’s future competitiveness. David’s main goal will be to ensure that America becomes the leading global player in both of these areas.

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

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