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Trump Selects Silicon Valley Conservative to Oversee Crypto and A.I. in Transition Team

In Citizen
January 19, 2025

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

Written by Theodore Schleifer

For a number of years, Theodore Schleifer has been covering the political engagements of David Sacks in his writing.

The individual selected by President-elect Donald J. Trump to assist in managing American tech policy is a well-known conservative investor, donor, and media figure in Silicon Valley.

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

The new position being created shows that the Trump White House plans to have a more relaxed approach to regulating technology, especially cryptocurrencies. These digital currencies have seen a significant increase in value since Trump’s election victory, and Trump himself has a business interest in them. The person appointed to this position, Mr. Sacks, is the leader of a venture capital firm named Craft Ventures and has advocated for more lenient policies on both cryptocurrency and artificial intelligence.

Mr. Sacks emerged victorious in a dispute during the Trump transition process. Instead of having multiple individuals overseeing artificial intelligence and crypto separately, Mr. Sacks was selected to oversee both areas in a combined role.

On Thursday evening, Mr. Trump announced that David will play a role in shaping policy on Artificial Intelligence and Cryptocurrency for the Administration, as these are important areas for American competitiveness in the future. David’s main goal will be to position America as the top global leader in both fields.

According to his firm, Mr. Sacks does not hold a full-time position. He has mentioned to friends that he didn’t want a formal role as it would mean stepping away from his responsibilities managing his venture capital fund. Recently, Mr. Sacks announced a new round of start-up funding that was led by his firm.

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