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Trump Names Top Silicon Valley Conservative to Oversee Crypto and A.I.: The Role of David Sacks in the Trump Transition

In Citizen
January 18, 2025

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President Trump has appointed a prominent conservative from Silicon Valley, David Sacks, to supervise the regulation of cryptocurrency and artificial intelligence. Sacks, a venture capitalist and popular podcast host, has advocated for a more relaxed approach to overseeing these rapidly advancing technologies.

Authored 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 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 successful podcast, is a friend of Elon Musk and has been urging him to become more involved in Republican politics in recent years.

This new role solidifies the belief that the Trump administration plans to take a more relaxed approach to regulating technology, especially cryptocurrencies. These digital assets have seen a significant increase in value since Trump’s election win, and Trump himself has a financial stake in them. The individual appointed to this position, Mr. Sacks, is the head of a venture capital company named Craft Ventures and has advocated for a more lenient policy towards both cryptocurrencies and artificial intelligence in general.

During the Trump transition effort, Mr. Sacks successfully advocated for a unified approach to overseeing artificial intelligence and crypto, instead of having separate individuals for each role. This decision was made despite other suggestions to have different people appointed for each position. Mr. Sacks ultimately received a joint appointment to oversee both areas.

"Mr. Trump announced on Thursday evening that David will be responsible for shaping policy on Artificial Intelligence and Cryptocurrency for the Administration, as these are crucial areas for America’s future competitiveness. David’s main goal will be to ensure that America becomes the top global leader in both of these fields."

According to his firm, Mr. Sacks does not hold a full-time position. He mentioned to friends that he preferred not to have a formal role as it would mean stepping away from his current 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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