Trump Names VC Investor Sacks White House AI, Crypto Czar | Global News Avenue

President-elect Donald Trump has appointed venture capitalist and podcaster David Sachs as the “White House AI and Cryptocurrency Czar,” signaling that his second administration will focus on hot tech and cryptocurrencies.

Trump said on his Truth social platform Thursday night that Sachs, co-host of the popular “All-In” podcast, would “guide the administration’s policy on artificial intelligence and cryptocurrency, two areas that have a big impact on the future of the United States.” Competitiveness is crucial.”

according to new york timesSachs is a Trump ally and close friend of Tesla (Tesla) Chief Executive Officer (CEO) Elon Musk, has been a supporter of deregulation of cryptocurrencies and cryptocurrencies Artificial Intelligence (AI). The announcement comes a day after Bitcoin launched (Bitcoin USD) Over $100,000 Investors expect the White House regime to be more friendly to cryptocurrencies and artificial intelligence-focused stocks like chipmaker Nvidia (NVDA) drove this year’s Record rally in the US market.

“David will focus on making America the clear global leader in both areas. He will defend free speech online and lead us away from the bias and censorship of Big Tech,” Trump wrote. “He will create a legal framework so that the cryptocurrency industry has the clarity it demands and can thrive in the United States.”

Sachs is owned by PayPal Holdings (Junior annual salary) Chief Operating Officer (COO) Musk was also the founder of the payments company when the company was founded largest shareholder. Sacks later sold his enterprise software company Yammer to Microsoft for $1.2 billion in 2012 and then formed venture capital firm Craft Ventures.