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President-elect 
Donald Trump has appointed David O. Sacks, a tech entrepreneur and pro-crypto advocate, as the White House's new "A.I. and Crypto Czar." The appointment highlights the incoming administration’s focus on advancing cryptocurrency regulation and artificial intelligence leadership in the U.S.
What’s the Scoop?
- Sacks will lead A.I. and crypto efforts while chairing the Presidential Council of Advisors for Science and Technology
- Sacks’ goals are to develop a legal framework for clearer U.S. cryptocurrency regulations
- Sacks’ tech background includes founding Yammer and serving as COO of PayPal
Bankless Take
This appointment underscores Trump’s strategic pivot toward crypto and A.I. leadership, signaling a more favorable regulatory stance. Sacks’ tech-savvy credentials suggest an effort to bridge the gap between innovation and policy, but balancing growth with guardrails will be a critical challenge. With Sacks and Atkins onboard, the crypto industry could see meaningful regulatory clarity, potentially reversing the U.S.'s lag in global competitiveness.
Trump’s appointment of venture capital investor David Sacks as Crypto Czar sent shockwaves through crypto policy circles last night. 🤯🌊
— Laura Shin (@laurashin) December 6, 2024
by @vronirwin (link in reply) pic.twitter.com/ENffw2BcOp
