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Trump Transition: David Sacks Named White House A.I. and Crypto Czar

In Citizen
January 18, 2025

Transition of power from

Transition of power

Transition of power

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President Trump appoints a prominent conservative from Silicon Valley, David Sacks, to lead the oversight of cryptocurrency and artificial intelligence. Sacks, a successful venture capitalist and podcast host, advocates for less strict regulations on these innovative technologies.

Authored by Theodore Schleifer

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

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

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

A new position is being created that suggests the Trump White House plans to have a more relaxed approach to regulating technology, especially cryptocurrencies. This is notable because these digital currencies have increased in value since Trump’s election, and Trump himself has a business interest in them. The person appointed to this new position, Mr. Sacks, is the leader of a venture capital firm called Craft Ventures and has advocated for looser regulations on both cryptocurrencies and artificial intelligence.

Mr. Sacks successfully advocated for a consolidated approach within the Trump transition team. Instead of having separate individuals overseeing artificial intelligence and crypto, Mr. Sacks was selected to oversee both areas in a single joint appointment.

"David has been appointed to lead the development of policies in Artificial Intelligence and Cryptocurrency for the Administration, which are crucial for America’s future competitiveness," announced Mr. Trump on Thursday. He emphasized that David’s focus will be on ensuring that America becomes the top global player in both of these fields.

According to his firm, Mr. Sacks does not work full-time. He expressed to his friends that he did not want an official role because it would mean stepping away from his responsibilities at his venture capital fund. Recently, Mr. Sacks shared news of a new round of start-up funding that his firm is leading.

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