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Trump Appoints Top Silicon Valley Conservative to Lead A.I. and Crypto Policy

In Citizen
January 19, 2025

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

Written by Theodore Schleifer

For a number of years, 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 American tech policy.

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, known for launching a successful podcast, has been a close friend of Elon Musk and has been encouraging Musk to become more involved in Republican politics over the past year.

This new position solidifies the idea that the Trump administration plans to have a less strict approach towards regulating technology, especially cryptocurrencies. These digital currencies have increased in value since Trump’s election victory, and Trump himself has a personal business interest in them. The person taking on this new role, Mr. Sacks, is the head of a venture capital company called Craft Ventures. He has advocated for more lenient policies regarding both cryptocurrencies and artificial intelligence.

Mr. Sacks successfully advocated for a decision in the Trump transition team. Instead of having separate individuals in charge of artificial intelligence and cryptocurrency, it was decided that Mr. Sacks would oversee both areas in a combined role.

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

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

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