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

In Citizen
January 19, 2025

Transition of power from

Transition of power

Transition of power

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President Trump has appointed David Sacks, a prominent conservative figure from Silicon Valley, to oversee the regulation of cryptocurrency and artificial intelligence. Sacks, a successful venture capitalist and podcast host, has advocated for less strict regulations on these rapidly advancing technologies.

Authored by Theodore Schleifer

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

President-elect Donald J. Trump has appointed a well-known conservative figure from Silicon Valley to be involved in shaping American tech policy.

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 take on the role of "White House A.I. and Crypto Czar." Sacks is known to be a close friend of Elon Musk and has been one of the individuals pushing Musk to become more involved in Republican politics in recent times.

The creation of this new position indicates that the Trump administration is leaning towards a more hands-off approach to regulating technology and cryptocurrencies. This is significant as cryptocurrencies have increased in value since Trump’s election, and Trump himself has a personal business interest in them. The individual appointed to this position, Mr. Sacks, is the head of a venture capital firm called Craft Ventures and has advocated for a more lenient policy towards both cryptocurrencies and artificial intelligence.

Mr. Sacks emerged victorious in a conflict during the Trump transition process. There were suggestions from some individuals to have separate individuals oversee artificial intelligence and crypto for Mr. Trump’s team. However, Mr. Sacks was ultimately selected to oversee both areas in a combined role.

On Thursday night, Mr. Trump announced that David will be leading the Administration’s efforts in Artificial Intelligence and Cryptocurrency, which are crucial for America’s future competitiveness. David will work towards ensuring that America becomes the top global leader in both these areas.

According to his firm, Mr. Sacks does not work full-time. He chose not to take on a formal role because he wanted to continue overseeing his venture capital fund. Recently, he announced a new round of funding for a start-up that was led by his firm.

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