President-elect Donald Trump announced Thursday that former PayPal chief operating officer David Sacks will serve as the White House’s artificial intelligence (AI) and cryptocurrency czar in his next administration.
Sacks, 52, is a San Francisco-based venture capitalist and one of several prominent Silicon Valley players who endorsed Trump, 78, during his 2024 campaign.
“In this important role, David will lead policy for the Administration on Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness,” the president-elect said in his announcement to Truth Social.
Trump noted that Sacks will be tasked with making the US the “clear global leader” in crypto and AI and protecting the country from censorship.
“He will protect Free Speech on the Internet and move us away from the bias and censorship of Big Tech,” the president-elect said. “He will work on a legal framework so that the crypto industry has the clarity it has been asking for and can thrive in the US”
Sacks will also lead a White House advisory council on science and technology as part of his role.
Trump praised Sacks as “an extremely successful entrepreneur and investor,” noting his early involvement in PayPal, an online payment system, and Yammer, a workplace communications service that was acquired by Microsoft for $1.2 billion. .
“David has the knowledge, business experience, intelligence and pragmatism to make AMERICA GREAT in these two critical technologies,” the 45th president declared.
Sacks publicly endorsed Trump in June, arguing in a long post X that “voters have experienced four years of President Trump and four years of President Biden … on economic policy, foreign policy, border policy and legal justice, Trump performed better.”
The venture capitalist then hosted a $12 million fundraiser for Trump at his home in San Francisco, and the president-elect later appeared on Sack’s “All In” podcast.
Bitcoin, the world’s most popular cryptocurrency, topped $100,000 for the first time in its history 15 on Thursday, before Trump named Sack’s as cryptocar, on the expectation that the incoming president’s administration will create a friendly regulatory environment for the alternative currency.
On Thursday, Trump also tapped the former senator. David Perdue (R-Ga.) to serve as U.S. ambassador to China; Rodney S. Scott to serve as commissioner of United States Customs and Border Protection; Caleb Vitello to serve as acting director of Immigration and Customs Enforcement; Brandon Judd to serve as US ambassador to Chile; and Tony Salisbury to serve as deputy homeland security adviser.
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