Trump names David Sacks as White House AI and cryptocurrency tsar
Trump said that Sacks would also lead the Presidential Council of Advisors for Science and Technology
Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures to serve as his artificial intelligence and cryptocurrency tsar, a newly created position that underscores the US president-elect’s intent to boost two rapidly developing industries.
“David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas,” Trump said in a post to his Truth Social network on Thursday.
Trump said that Sacks would also lead the Presidential Council of Advisors for Science and Technology.
In Sacks, Trump is tapping one of his most prominent Silicon Valley supporters and fundraisers for a prime position in his administration. Sacks played a key role in bolstering Trump’s fundraising among technology industry donors, including hosting an event at his San Francisco home in June. He is also closely associated with vice-president-elect J.D. Vance, the investor-turned-Ohio senator.
The new tsar position is expected to help spearhead the cryptocurrency industry deregulation Trump promised on the campaign trail. The role is expected to provide cryptocurrency advocates a direct line to the White House and serve as a liaison between Trump, Congress and the federal agencies that interface with digital assets, including the Securities and Exchange Commission and the Commodity Futures Trading Commission.
