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

In Citizen
January 19, 2025

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President Trump has appointed David Sacks, a prominent venture capitalist and podcast host from Silicon Valley, to supervise the regulation of cryptocurrency and artificial intelligence. Sacks has advocated for less strict regulation of these new technologies.

Authored by Theodore Schleifer

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

President-elect Donald J. Trump has appointed a well-known conservative figure from Silicon Valley who is involved in investing, donating, and media to assist in managing American technology policy.

David Sacks, a venture capitalist and former executive at PayPal, has been appointed as the "White House A.I. and Crypto Czar" by the president-elect, as announced in a social media post on Thursday. Sacks, who is a friend of Elon Musk, has been urging him to become more involved in Republican politics over the past year.

This new position solidifies the belief that the Trump administration plans to have a more relaxed approach towards regulating technology, especially cryptocurrencies. These digital currencies have increased in value since Trump’s election, and Trump himself has a personal stake in them. The individual appointed to this position, Mr. Sacks, is the head of a venture capital firm and has advocated for looser regulations on both cryptocurrencies and artificial intelligence.

Mr. Sacks successfully advocated for a consolidated approach in the Trump transition team. Initially, there were suggestions to have separate individuals overseeing artificial intelligence and cryptocurrency, but ultimately Mr. Sacks was selected to oversee both areas in a single appointment.

"David has been appointed to lead the development of policies on Artificial Intelligence and Cryptocurrency for the Administration, which are considered crucial for American competitiveness in the future," stated Mr. Trump during a recent announcement. "David’s main goal will be to ensure that America becomes the top global leader in both of these areas."

According to his firm, Mr. Sacks does not have a full-time position. He has mentioned to his friends that he prefers not to have a formal role because it would mean leaving his current role as the overseer of his venture capital fund, as reported by The New York Times. Recently, Mr. Sacks announced a new round of start-up funding that was led by his firm.

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