During the week, Trump made some additions regarding the White House, Trump I am pleased to announce the appointment of David O. Sacks as the White House A.I. & Crypto Czar. This is David Sacks. PayPal mafia member and one of Silicon Valley’s greatest investors (Meta, Uber, Airbnb, SpaceX). Trump just named him White HouseAl & Crypto Czar.Through his venture capital firm Craft Ventures, Sacks has invested in bitcoin companies such as Lightning Labs, Fold, Bitwise, and Bitgo..
In this pivotal role, Mr. Sacks will be instrumental in shaping the Administration’s policies on Artificial Intelligence and Cryptocurrency—two technologies poised to revolutionize the future of American competitiveness”.
As the A.I. & Crypto Czar, Mr. Sacks will assume the responsibility of steering the nation towards global leadership in both domains. His focus will be on fostering an environment that encourages innovation, safeguards free speech, and protects against the potential pitfalls of technological advancement.
A key aspect of Mr. Sacks’s mandate will be to address the growing concerns surrounding online censorship and the influence of Big Tech. He will work diligently to ensure that the digital landscape remains a bastion of free expression, where diverse viewpoints can flourish without fear of suppression.Furthermore, Mr. Sacks will play a crucial role in developing a clear and supportive legal framework for the cryptocurrency industry. By providing the necessary regulatory clarity, the Administration aims to create an environment that empowers innovation, attracts investment, and solidifies the United States’ position as a global hub for blockchain technology.In addition to his role as A.I. & Crypto Czar, Mr. Sacks will also serve as a member of the Presidential Council of Advisors on Science and Technology. This prestigious council brings together leading experts from academia, industry, and government to advise the President on critical science and technology issues.
Mr. Sacks’s appointment underscores the Administration’s commitment to harnessing the power of technology for the betterment of society. With his deep understanding of the technological landscape and his unwavering dedication to American values, Mr. Sacks is uniquely qualified to lead this important initiative.
David Sack’s once said “Bitcoin is fulfilling PayPal’s original vision to create the new world currency.
