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Trump Taps Top Silicon Valley Conservative for Key Tech Policy Role: A Closer Look at David Sacks’ Appointment

In Citizen
January 18, 2025

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Trump has chosen David Sacks, a prominent conservative in Silicon Valley, to supervise the development of cryptocurrencies and artificial intelligence. Sacks, a successful investor and podcast host, has advocated for less strict government regulations on these innovative 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 investor, donor, and media figure from Silicon Valley to play a role in shaping American tech policy.

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

The new role being created indicates that the Trump administration is leaning towards less regulation of technology, especially cryptocurrencies. These digital currencies have increased in value since Trump’s election and Trump himself has a personal interest in them. The person filling this new position, Mr. Sacks, is the head of a venture capital firm named Craft Ventures and has advocated for looser regulations on both cryptocurrencies and artificial intelligence.

Mr. Sacks emerged victorious in a dispute within the Trump transition team. There were suggestions from some individuals to have separate individuals in charge of artificial intelligence and cryptocurrency within Mr. Trump’s team. However, Mr. Sacks was ultimately selected to oversee both areas in a combined role.

On Thursday evening, Mr. Trump announced that David will be responsible for shaping policy on Artificial Intelligence and Cryptocurrency for the Administration. These two areas are important for America’s future competitiveness, and David will work towards establishing America as a global leader in both sectors.

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 responsibilities at his venture capital fund. Recently, Mr. Sacks revealed a new round of start-up funding that his firm is leading.

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