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Trump Taps Top Silicon Valley Conservative for A.I. and Crypto Oversight

In Citizen
January 19, 2025

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

Written by Theodore Schleifer

For the past few years, Theodore Schleifer has been reporting on David Sacks’ involvement in political activities.

The new President, Donald J. Trump, has selected a well-known conservative figure from Silicon Valley to assist in managing technology policy in the United States.

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

This new position solidifies the belief that the Trump administration plans to be less strict when it comes to regulating technology, especially cryptocurrencies. These digital assets have increased in value since Trump’s election win and he has a personal stake in them. Mr. Sacks, from Craft Ventures, advocates for a more lenient approach towards both cryptocurrencies and artificial intelligence.

Mr. Sacks emerged victorious in a conflict during the Trump transition process. There were suggestions made to have separate individuals in charge of overseeing artificial intelligence and crypto within Mr. Trump’s team, but instead, Mr. Sacks was selected to oversee both areas in a joint role.

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

According to his firm, Mr. Sacks does not hold a full-time position. He had mentioned to his friends that he preferred not to have a formal role as it would mean he would have to step away from his responsibilities managing his venture capital fund. Recently, Mr. Sacks revealed that his firm is leading a new round of funding for a start-up.

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