Trump Names Former PayPal COO David Sacks as ‘White House AI and Crypto Czar’

The Epoch Times Header

Trump described Sacks as a key figure in shaping the future of American innovation and competitiveness.

President-elect Donald Trump announced Thursday night that former PayPal executive David Sacks will serve as the “White House AI and Crypto Czar,” a newly created position aimed at advancing U.S. policy in artificial intelligence and cryptocurrency.

In two posts on Truth Social, Trump described Sacks as a key figure in shaping the future of American innovation and competitiveness.

“David will focus on making America the clear global leader in both areas. He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship,” Trump wrote.

“He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S. David will also lead the Presidential Council of Advisors for Science and Technology.”

Sacks, 52, a South African-born entrepreneur, was PayPal’s chief operating officer and was part of a group of prominent Silicon Valley figures who worked at the payment processor in its early years. He co-founded the venture capital firm Craft Ventures and launched Yammer, an enterprise software company acquired by Microsoft for $1.2 billion in 2012.

Sacks will join other Trump appointees tasked with shaping a crypto-friendly policy environment, including Paul Atkins, a crypto advocate tapped to lead the Securities and Exchange Commission. The administration’s approach is expected to include the formation of a crypto advisory council and reforms at the Commodity Futures Trading Commission.

Trump lauded Sacks’s track record as a successful entrepreneur and investor.

“David has the knowledge, business experience, intelligence, and pragmatism to make America great in these two critical technologies. Congratulations, David!” Trump wrote on Truth Social.

The president-elect announced the nomination as Bitcoin surged past $100,000 for the first time on Wednesday. Trump, who once dismissed cryptocurrencies as a scam, has pivoted to championing them as central to his economic strategy. During his campaign, he pledged to make the United States the “crypto capital of the planet” and to establish a national bitcoin reserve.

By Caden Pearson

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Beijing and Moscow Double Down on Propping Up Tehran, Threaten to Give It Nukes

As anyone who understands how these things unfold could...

The Looming Threat To Our Homeland

After success of “Operation Midnight Hammer,” where U.S. military bombed Iranian nuclear facilities, the threat to America has never been greater.

Trump’s Bold Strike on Iran: A Necessary Move for Global Security 

Trump’s airstrikes on Iran’s nuclear facilities have been hailed as a courageous and necessary action to safeguard American interests and global stability.

Groundhog Day came late this year to the Land of Smiles.

it’s the same rigmarole, on whatever pretext, the army commandeers the Thai state with vague promises to restore democracy at some unspecified future date.

Resource number one

Russia has an unsustainable birthrate worsened by mortality rate of Russian males through war and alcoholism. One solution, steal young children from other countries. 

Boeing, FAA Share Blame for Door Panel Flying Off During Alaska Airlines Flight: NTSB

The sudden midair door panel blowout on Alaska Airlines flight last year stemmed from failures by Boeing, its supplier Spirit AeroSystems, and the FAA.

RFK Jr. Says Pregnant Women Can Get COVID-19 Vaccine If They Choose To

Pregnant women can get COVID-19 vaccines, even after CDC stopped recommending shots during pregnancy, Sec. RFK, Jr. told members of Congress.

Texas Governor Signs Law Requiring Warning Labels on Some Foods

Texas is requiring companies to add warning labels to some foods, under the Texas MAHA legislation bill signed into law by Gov. Greg Abbott.

21.8 Million US Seniors Paying for Expenses With Only Social Security Income: Survey

An estimated 21.8 million senior citizens in America make ends meet solely using their social security funds, The Senior Citizens League (TSCL) said.

Trump Arrives in Netherlands for NATO Summit, With Defense Spending High on Agenda

President Donald Trump arrived in Amsterdam on Tuesday to attend the NATO summit, which is being held in The Hague from June 24 to 25.

Major Victory for Trump Administration and the American People on Deporting Criminal Illegal Aliens to Third Countries

Supreme Court decision allows DHS to deport criminal illegal aliens who are not wanted in their home country to third countries who've agreed to accept them.

No Changes Planned for FDA’s Vaccine Advisory Committee ‘At This Time’: Spokesperson

There are no plans to remove any members of the panel that advises the FDA on vaccines, a spokesperson said on June 20.

Trump Says Trade Deals Expected With India and Pakistan

President Trump expects US will sign trade deals with India and Pakistan, signaling growing momentum in push to reshape global trade through tariff diplomacy.
spot_img

Related Articles