Donald Trump Announced David Sacks as the White House Leader in AI and Crypto

Key Points

Trump said that Sacks will guide the policy for the administration in AI and crypto.
He has been a successful entrepreneur and investor for 25 years.

After yesterday’s massive Trump announcement regarding the new SEC Chair that boosted confidence and optimism in the crypto market, he also revealed his pick for AI and crypto administration.

David Sacks, Announced as the “White House AI and Crypto Czar”

On Truth Social, Trump announced David O. Sacks as the White House “AI and Crypto Czar.” He said that in this role, Sacks will guide the policy for the Administration in AI and crypto – two areas essential for the future of US competitiveness.

In his upcoming role, Sacks will focus on the following important areas:

Making America the global leader in AI and crypto
Safeguarding free speech online
Steering away people from the Big Tech bias and censorship
Working on a legal framework for more clarity in the crypto industry
Leading the Presidential Council of Advisors for Science and Technology

Trump revealed that Sacks has been a successful entrepreneur and investor for 25 years, building and investing in some of the most important Silicon Valley companies.

David Sacks’ Notable Achievements

Trump shared some important examples of Sacks’ achievements:

He was PayPal’s founding-era COO and member of the “PayPal Mafia” – a group of former PayPal employees who founded/developed additional tech companies including Tesla, Palantir, Space X, and more.
He founded the enterprise software company, Yammer, acquired by Microsoft for $1.2 billion.
He founded Craft Ventures, a venture capital firm in San Francisco.
He is a co-host of the All-In Podcast, the top tech podcast, discussing economic, political, and social issues.

Trump ended his message by saying that Sacks has the necessary knowledge, business experience, intelligence, and pragmatism to Make America Great Again in these two sectors, AI and crypto.

On X, the US Vice-President-elect JD Vance and Elon Musk congratulated Trump’s pick.

Sacks shared a message via Truth Social, telling Trump that he’s honored and grateful for the trust that had been placed in him. He said he’s looking forward to advancing American competitiveness in these two critical technologies.