David Sacks, a venture investor and podcaster, has been appointed as the “White House A.I. & Crypto Czar” by President-elect Donald Trump. In this role, Sacks will oversee the administration’s policies on artificial intelligence and cryptocurrency, including creating a legal framework for crypto and leading a presidential council of advisors on science and technology. The appointment suggests that the Trump administration is rewarding Silicon Valley figures who supported his campaign and will push for policies that cryptocurrency entrepreneurs generally support.
Sacks previously hosted a fundraiser for Trump earlier this year, despite being critical of him after the Capitol riot on Jan. 6, 2021. He sold his company Yammer to Microsoft for $1.2 billion in 2012 and is affiliated with the “PayPal mafia,” a group of prominent technology figures and investors. Sacks is also known for hosting the All-In podcast with other investors where they discuss economic, political, and social issues.
Overall, Sacks’ appointment signals a shift in tone from his previous criticisms of Trump, indicating his support for the administration’s goals in promoting American leadership in artificial intelligence and cryptocurrency. His background in venture capital and technology, as well as his connections in Silicon Valley, make him a fitting choice for this role.
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