Trump says venture capitalist David Sacks will be AI and crypto ‘czar’
Venture investor and podcaster David Sacks will join the Trump administration as the “White House A.I. & Crypto Czar,” President-elect Donald Trump announced on Truth Social on Thursday.
Venture investor and podcaster David Sacks will join the Trump administration as the “White House A.I. & Crypto Czar,” President-elect Donald Trump announced on Truth Social on Thursday.
Sacks will guide the administration’s policies for artificial intelligence and cryptocurrency, Trump wrote. Some of that work includes creating a legal framework for crypto, as well as leading a presidential council of advisors on science and technology.
“David will focus on making America the clear global leader in both areas,” Trump wrote. “He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.”
The appointment signals that the second Trump administration is rewarding Silicon Valley figures who supported his campaign. It also indicates that the administration will push for policies that cryptocurrency entrepreneurs generally support.
Sacks became a major Trump booster earlier this year, hosting a fundraiser for the then-Republican nominee at his San Francisco mansion. Tickets sold for $50,000 a head, with a $300,000 tier that included perks like a photo with Trump.
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