Trump Transition
Rew
Transition of power
Transitioning to
Prom
President Trump appoints David Sacks, a prominent conservative figure from Silicon Valley, to lead the oversight of cryptocurrency and artificial intelligence. Sacks, a successful venture capitalist and podcast host, advocates for less strict regulations on these innovative technologies.
Authored by Theodore Schleifer
For the past few years, Theodore Schleifer has been covering David Sacks’ involvement in political activities.
President-elect Donald J. Trump has appointed a well-known conservative investor, donor, and media figure from Silicon Valley to assist in managing American technology policy.
The president-elect announced on social media that David Sacks, a venture capitalist and former executive at PayPal who created a successful podcast, will serve as the "White House A.I. and Crypto Czar." Sacks, who is a close associate of Elon Musk, has been urging 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 more relaxed approach towards regulating technology and cryptocurrencies, especially considering their increase in value since Trump’s election victory. The individual taking on this role, Mr. Sacks, is the head of a venture capital firm called Craft Ventures and has advocated for a more lenient policy on both cryptocurrencies and artificial intelligence.
Mr. Sacks successfully advocated for a consolidated approach within the Trump transition team. Instead of having separate individuals oversee artificial intelligence and crypto, Mr. Sacks was selected to oversee both areas in a combined role.
"David has been appointed to lead the Administration’s efforts in Artificial Intelligence and Cryptocurrency, which are considered crucial for America’s future competitiveness," stated Mr. Trump during a Thursday evening announcement. He emphasized David’s role in advancing America’s position as a worldwide leader in these fields.
According to his firm, Mr. Sacks does not work full-time. He expressed to friends that he did not want a formal role that would take him away from overseeing his venture capital fund. Recently, Mr. Sacks announced a new round of start-up funding led by his firm.
We are experiencing difficulties in accessing the article’s content.
To use this website properly, make sure JavaScript is enabled in
We appreciate your patience as we confirm your access. If you are currently in Reader mode, please log out and sign in to your Times account, or consider subscribing to access all of The Times.
We appreciate your understanding as we confirm access.
Are you currently a member? Please sign in.
Interested in having access to all of The Times? Subscribe today.
Prom
Index of the Website
Navigation for Site Information