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

In Citizen
January 18, 2025

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

Written by Theodore Schleifer

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

President-elect Donald J. Trump has chosen 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 executive at PayPal who also hosts a popular podcast, will be taking on the role of "White House A.I. and Crypto Czar." Sacks is known for his friendship with Elon Musk and has been one of the individuals urging Musk to become more involved in Republican politics in recent years.

This new position shows that the Trump administration plans to have a more relaxed approach to regulating technology, especially cryptocurrencies. These digital currencies have increased in value since Trump’s election, and Trump himself has a financial interest in them. The person appointed to the position, Mr. Sacks, who runs a venture capital firm called Craft Ventures, has advocated for a more lenient policy on both cryptocurrencies and artificial intelligence.

During the Trump transition, Mr. Sacks emerged victorious in a debate over how to handle artificial intelligence and crypto within the team. Instead of having separate individuals oversee these areas, Mr. Sacks was selected to oversee both in a combined role.

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

The firm stated that Mr. Sacks does not hold a full-time position. He had informed friends that he preferred not to have a formal role as it would mean stepping away from his responsibilities managing his venture capital fund. Recently, Mr. Sacks revealed a new round of start-up funding that was spearheaded by his firm.

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