In summary
- Donald Trump named David Sacks as AI and Cryptocurrency czar, highlighting his focus on digital freedom and regulatory clarity.
- Sacks will lead the President’s Council of Science and Technology Advisors and strengthen American competitiveness in key technologies.
- The appointment reinforces Trump’s shift toward pro-crypto policies, with Sacks serving as a liaison between the White House and federal regulators.
President-elect Donald Trump has appointed venture capitalist David Sacks to oversee artificial intelligence and crypto ecosystem policy initiatives for his second term, marking a significant shift in the US approach to emerging technologies.
Trump announced the appointment Thursday through his Truth Social platform, positioning Sacks, co-founder of Craft Ventures LLC, to lead the newly created position of tech czar.
“I am pleased to announce that David O. Sacks will be the ‘White House AI and Cryptocurrency Czar,'” Trump said in his post. “He will protect free speech online and move us away from bias and censorship by Big Tech. He will work on a legal framework so that the cryptocurrency industry has the clarity it has been asking for and can thrive in the US.”
David will also lead the President’s Council of Science and Technology Advisors, according to Trump.
Sacks is set to guide policy on both AI and cryptocurrency, which Trump notes as “two critical areas for the future of American competitiveness.”
The appointment supports Trump’s changing stance on digital assets, contrasting with his previous skepticism when he described Bitcoin as “highly volatile and air-based” during his first term. However, the Trump campaign has since adopted pro-cryptocurrency policies, promising regulatory clarity for the industry.
Sacks, a prominent Silicon Valley figure and Trump supporter, has been instrumental in building bridges between tech leaders and the Trump campaign. He previously hosted a major fundraising event at his San Francisco residence in June.
He has also maintained close ties with Vice President-elect JD Vance, who worked as a venture capitalist before serving as an Ohio senator.
“David has the knowledge, business experience, intelligence and pragmatism to MAKE AMERICA GREAT in these two critical technologies,” Trump added in a separate post on Truth Social.
The position is expected to establish direct communication channels between the White House and federal regulators, including the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission. Specifically, the liaison position is aimed at facilitating the development of clear regulatory frameworks for digital assets.
Sacks publicly endorsed Trump’s presidential bid in June, citing the former president’s economic policies, approach to foreign affairs and border control measures as key factors.
The venture capitalist has raised concerns about inflation, advocating for a diplomatic resolution to international conflicts and reform of what he describes as partisan-driven legal actions.
The appointment comes as the cryptocurrency industry has faced increasing scrutiny from federal regulators in recent years with demands for clearer guidelines for operating within the US.
Regulatory discussions about AI safety and barriers to widespread use are also on the table, with a bill being vetoed by California Governor Gavin Newsom in September.
Trump also announced Thursday that he is bringing back Paul Atkins, a former SEC commissioner, to lead the regulatory agency, citing Atkins as a “proven leader” for “common sense regulations.”
Edited by Sebastian Sinclair
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