David Sacks Named Crypto Czar in Trump’s White House Team
President-elect Trump has appointed David Sachs as White House cryptocurrency and artificial intelligence czar. Sachs is a seasoned entrepreneur and investor with more than two decades of Silicon Valley experience.
Sachs is PayPal’s founding chief operating officer and a member of the famed “PayPal Mafia.” He played a key role in shaping the early fintech industry. Sachs later founded the enterprise software platform Yammer, which Microsoft acquired for $1.2 billion.
Trump Establishes Role as First-Ever Cryptocurrency Czar
Sacks’ appointment marks First federal advisory role Working on cryptocurrency and artificial intelligence policy. While specific responsibilities remain classified, he is expected to provide strategic guidance, develop a unified national approach to these technologies and position the United States as a leader in next-generation technologies.
in a statementace The importance of establishing a clear legal framework for the cryptocurrency industry and addressing the long-term needs of the industry was emphasized.
“I am pleased to announce that David O. Sacks will become White House Artificial Intelligence and Cryptocurrency Czar. In this important role, David will guide the Administration’s policy on Artificial Intelligence and Cryptocurrency, two areas that are important to the future of the United States. Competitiveness is crucial.” wrote About the Truth Society.
This appointment is as follows Trump picks Paul AtkinsA pro-cryptocurrency advocate who leads the SEC. Atkins will take over the role in January Gary Genslerwho announced his resigned last month.
Overall, Trump appears to have delivered on his promises Promise to Support Cryptocurrencies. Since his election on November 5, the cryptocurrency market has been experiencing a historic bull run.
Just one month after his re-election, Bitcoin crosses $100,000 milestone On Wednesday, Trump even congratulated the crypto community and said “you’re welcome.” David Sacks becomes first cryptocurrency czar, US regulatory scene Digital assets will undergo significant changes.
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