Donald Trump Appoints David Sacks as "AI and Crypto Czar" to Lead America’s Innovation Charge
In a bold move to solidify America’s technological dominance, President-elect Donald Trump has appointed David Sacks, former COO of PayPal and a member of the influential "PayPal Mafia," as the White House "AI and Crypto Czar." Sacks will play a pivotal role in shaping policies on artificial intelligence and cryptocurrency—two domains Trump has deemed critical to securing American competitiveness on the global stage.
Sacks’ appointment underscores Trump’s commitment to advancing innovation while challenging Big Tech’s grip on online discourse. According to Trump, Sacks will "safeguard free speech online" and help dismantle what he perceives as censorship by major tech companies. Additionally, Sacks will head a presidential council of advisors on science and technology, cementing his influence in the administration's tech policies.
The "PayPal Mafia," which includes luminaries like Elon Musk and Peter Thiel, has long championed conservative ideologies, lending their support to initiatives aligned with Trump’s vision. Sacks’ backing of J.D. Vance as Trump’s running mate in the recent election further aligns him with the administration's goals.
Meanwhile, Bitcoin has surged past the $100,000 mark, a milestone reached amid Trump’s promise to make the United States "the bitcoin and cryptocurrency capital of the world." The appointment of Paul Atkins, a known crypto advocate, as SEC chair further signals a regulatory landscape favorable to digital currencies. Kathleen Brooks of XTB remarked that "politics is driving bitcoin," predicting continued bullish momentum.
Trump’s reliance on tech moguls extends beyond Sacks. Elon Musk, another member of the PayPal Mafia, has been named head of the newly created Department of Government Efficiency (DOGE). Musk’s mandate includes radical federal spending cuts, potentially impacting social programs significantly. This dual role as a policymaker and business titan raises concerns about potential conflicts of interest, particularly given Musk’s vested interests in emerging technologies and cryptocurrencies like Dogecoin.
David Sacks’ new role represents a decisive shift in America’s approach to emerging technologies. By appointing influential figures with deep roots in innovation, the Trump administration is positioning itself to lead in AI and cryptocurrency, promising both challenges and opportunities in this rapidly evolving landscape.
Refrence From: www.ndtv.com