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

In Citizen
January 18, 2025

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President Trump has appointed David Sacks, a prominent venture capitalist from Silicon Valley, to oversee the regulation of cryptocurrency and artificial intelligence. Sacks, known for hosting a popular podcast, advocates for less strict regulations on these innovative technologies.

Written by Theodore Schleifer

For several years, Theodore Schleifer has been writing about David Sacks’ involvement in politics.

President-elect Donald J. Trump has appointed 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 being a close friend of Elon Musk and has been urging Musk to become more involved in Republican politics in recent years.

The creation of this new position signifies 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’s election, and Trump himself has a personal interest in them. Mr. Sacks, the head of Craft Ventures, advocates for less restrictive policies on both cryptocurrencies and artificial intelligence.

Mr. Sacks successfully advocated for a unified approach in the Trump transition team. Instead of having separate individuals oversee artificial intelligence and crypto, Mr. Sacks was appointed to oversee both areas in a joint role.

On Thursday evening, Mr. Trump announced that David will lead the way in shaping policy on Artificial Intelligence and Cryptocurrency for the Administration, as these are important areas for American competitiveness in the future. The goal is for America to become the top global leader in both fields.

Mr. Sacks does not have a full-time position, according to his company. He mentioned to his friends that he preferred not to have a formal role because it would mean leaving his current role overseeing his venture capital fund, as reported by The New York Times. Recently, Mr. Sacks revealed a new round of funding for a start-up that his company is leading.

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