President-elect Donald Trump appointed David Sacks as AI and crypto czar to lead U.S. regulations and innovation in these sectors.
The White House’s AI and crypto advisor will be David Sacks, a venture capitalist at Craft Ventures, as announced by U.S. President-elect Donald Trump. This position has been recently introduced to government bodies in response to Trump’s objective of establishing the United States as the global crypto capital.
In addition to overseeing the legal frameworks for both industries, Sacks will provide guidance on the regulations governing artificial intelligence and cryptocurrency. Additionally, he would serve as the head of the Presidential Council of Advisors for Science and Technology.
“I am pleased to announce that David O. Sacks will be the “White House A.I. & Crypto Czar.” In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness,”Trump says in his Truth Social post on Dec. 06
It is anticipated that the position will furnish the president with more effective crypto advocates, in addition to administering his directives.
Additionally, Sacks would function as a liaison between the Securities and Exchange Commission (SEC) and the Commodity and Future Trading Commission (CFTC), as well as Trump and Congress.
David Sacks Endorses Trump’s Campaign
Sacks, a venture capitalist based in San Francisco, is one of Trump’s main roles in bolstering campaign funds among the technological industries, according to Bloomberg. Additionally, he maintains a close relationship with Vice President-elect JD Vence.
Sacks would work in close collaboration with Elon Musk as the Director of the Department of Government of Efficiency (D.O.G.E.) in his new role. Like Elon, Sacks is a special government employee who is exempt from the requirement to publicly close his assets and is permitted to serve a maximum of 130 days annually.
