“Donald Trump Names David Sacks as White House Advisor on AI and Cryptocurrency”
Donald Trump Appoints David Sacks as White House “AI and Crypto Czar”
In a significant move, U.S. President-elect Donald Trump has appointed David Sacks, the former chief operating officer of PayPal, as the White House “AI and Crypto Czar.” This newly created role aims to have Sacks advise the Trump administration on matters related to artificial intelligence (AI) and cryptocurrency, two areas that Trump has emphasized as vital for America’s future competitiveness.
Trump announced the appointment via social media late Thursday, stating that Sacks will guide policy in these fields while safeguarding free speech online and steering the country away from big tech bias and censorship. As part of his role, Sacks will also head a presidential council of advisors on science and technology, further solidifying his influence in shaping U.S. tech policy.
Sacks, a tech entrepreneur with an estimated net worth in the billions, is a prominent figure in Silicon Valley and a key member of the so-called “PayPal Mafia.” This group of influential entrepreneurs, including Elon Musk and Peter Thiel, was integral to the founding of PayPal and has since supported conservative political policies and candidates. Sacks notably backed J.D. Vance during Trump’s recent presidential campaign and hosted him on his podcast.
In addition to his time at PayPal, Sacks has had a notable career in the tech industry, co-founding Yammer, which was later acquired by Microsoft. His entrepreneurial success has been matched by his investments in various tech startups, making him a well-respected figure in Silicon Valley.
The appointment of Sacks comes at a time when the value of Bitcoin has been surging, having breached the $100,000 mark before dipping below it again. Cryptocurrency has been a key focus for Trump, who has repeatedly vowed to turn the U.S. into the “bitcoin and cryptocurrency capital of the world.” The appointment of Paul Atkins as chair of the Securities and Exchange Commission (SEC) further emphasizes this commitment. Atkins, a known crypto proponent, is seen as more crypto-friendly compared to his predecessor Gary Gensler, potentially signaling a more favorable regulatory environment for cryptocurrencies.
Meanwhile, Elon Musk, another key ally of Trump, has been appointed head of the newly created Department of Government Efficiency (DOGE), alongside Vivek Ramaswamy. Musk’s role, though advisory, has garnered significant attention due to his influence and political clout within the Trump administration. Musk’s efforts to cut government spending, which include a proposal to slash federal spending by $2 trillion, could have a significant impact on social support programs. However, concerns have been raised about potential conflicts of interest, particularly since Musk’s personal business interests in companies like Tesla and SpaceX could be directly affected by the policies he helps to shape.
The growing influence of figures like Sacks and Musk within the Trump administration signals a stronger push towards pro-business, tech-friendly policies, particularly in the fields of artificial intelligence and cryptocurrency. It remains to be seen how these changes will impact the broader U.S. economy and the regulatory landscape for emerging technologies.
Sources By Agencies
About The Author
Etiler su kaçak tespiti Ataşehir su kaçağı tespiti: Ataşehir bölgesinde su sızıntılarını profesyonel ekipmanlarla tespit ediyoruz. https://penposh.com/ustaelektrikci
Baddiehub This is my first time pay a quick visit at here and i am really happy to read everthing at one place