On December 6, 2024, US President-elect Donald Trump announced the appointment of David Sacks as the "White House AI and Crypto Czar." Sacks will lead efforts to establish a legal framework for cryptocurrency regulation and chair the Presidential Council of Advisors for Science and Technology.
This appointment aims to position America as a global leader in both artificial intelligence and cryptocurrency. Sacks, a former PayPal COO and venture capitalist, is expected to leverage his extensive industry experience to shape policies that promote innovation and free speech.
Trump's vision includes modernizing digital policies, with Sacks' appointment following other pro-crypto nominations, such as Paul Atkins for the SEC. The crypto community has largely welcomed this move, seeing it as a step toward clearer regulations.
Notable figures in the crypto space, including Cardano founder Charles Hoskinson and Ripple CEO Brad Garlinghouse, expressed optimism about Sacks' capabilities, citing his deep understanding of technology as vital for advancing both AI and blockchain.
However, Sacks remains a polarizing figure, having faced criticism from some Silicon Valley leaders.