- Trump appoints David Sacks to create regulatory clarity for crypto and guide AI innovation in the U.S.
- Sacks will lead efforts to address tech bias and chair the Presidential Council of Advisors for Science and Technology.
- Sacks’ appointment follows Trump’s pro-crypto approach, including naming Paul Atkins as SEC chair to reduce enforcement actions.
United States President-elect Donald Trump has selected David Sacks, a former PayPal chief operating officer and tech entrepreneur, as his head adviser on AI and digital assets policy via an announcement made on Dec. 6 through Trump’s social media platform, Truth Social.
Key Responsibilities for AI and Crypto Regulation
David Sacks is expected to act as the White House A.I. & Crypto Czar, entrusted with creating clear regulations for the crypto industry. According to Trump’s statement, Sacks’ role involves ensuring the industry has regulatory clarity to enable growth and innovation within the the country. Additionally, he will lead efforts to protect online speech and address concerns about technology particularly involving major tech companies.
Sacks is also set to chair the Presidential Council of Advisors for Science and Technology, backing his influence in shaping policies that address the maturing AI and crypto industries. Trump emphasized that Sacks’ leadership aims to place the U.S. as a global leader in these critical sectors.
A Business Leader with Deep Roots in Technology
David Sacks is known for his time at PayPal, where he was an executive and contributed to the growth of the platform. He also co-founded the social networking platform Yammer, which Microsoft obtained for $1.2 billion in 2012.
Sacks has been a direct supporter of Trump’s campaign and hosted a fundraising event earlier this year that raised $12 million. His appointment follows Trump’s ongoing pro-crypto stance, including promises to make the U.S. a global hub for cryptocurrency innovation.
Pro-Crypto Momentum Builds Within Trump’s Team
Trump has made several pro-crypto appointments, including naming Paul Atkins as the incoming chair of the Securities and Exchange Commission (SEC). Industry leaders have welcomed these moves, anticipating a shift in regulatory enforcement under Trump’s administration. Following Sacks’ appointment, a memecoin associated with his name experienced a sudden 16,000% surge in value, reflecting growing market interest in his new role.
