President-elect Donald Trump has appointed venture capitalist David Sacks to oversee policy initiatives on artificial intelligence and cryptography for his second term, marking a significant shift in America’s approach to emerging technologies.
Asset announcement the nomination via its Truth Social platform on Thursday, positioning Sacks, co-founder of Craft Ventures LLC, to lead the newly created tech czar position.
“I am pleased to announce that David O. Sacks will be the ‘White House AI and Crypto Czar,'” Trump said in his message. “It will protect free speech online and move us away from Big Tech bias and censorship. He will work on a legal framework so that the crypto industry gets the clarity it demands and can thrive in the United States. »
David will also lead the President’s Council of Advisors on Science and Technology, Trump said.
Sacks is set to guide policy on AI and crypto, which Trump said are “two areas critical to the future of American competitiveness.”
The nomination supports Trump’s changing stance on digital assets, contrasting with his previous skepticism when he described Bitcoin as “highly volatile and vacuum-based” during his first term. Trump’s campaign has since adopted crypto-friendly policies, promising regulatory clarity for the industry.
Sacks, a prominent Silicon Valley figure and Trump supporter, has been instrumental in bridging the gap between tech leaders and the Trump campaign. He previously hosted a major fundraising event at his San Francisco home in June.
He also maintained close ties with the vice president-elect J.D. Vancewho worked as a venture capitalist before becoming an Ohio senator.
“David has the knowledge, business experience, intelligence and pragmatism to MAKE AMERICA GREAT in these two critical technologies,” Trump said. added in a separate Truth Social article.
This role is expected to establish direct communication channels between the White House and federal regulators, including the Securities and Exchange Commission and the Commodity Futures Trading Commission. Specifically, the liaison position aims to facilitate the development of clear regulatory frameworks for digital assets.
Bags publicly approved Trump in June, citing the former president’s economic policy, approach to foreign affairs and border control measures as key factors.
The venture capitalist has expressed concerns about inflation, advocating for diplomatic resolution of international conflicts and reform of what he describes as partisan legal actions.
The appointment comes as the crypto industry has faced increasing scrutiny from federal regulators in recent years, demanding clearer guidelines for its operations in the United States.
Regulatory discussions on AI Safety and Guardrails for mass use are also on the table, with a bill vetoed by California Governor Gavin Newsom in September.
Trump also announced Thursday that he bring back Paul Atkinsformer SEC commissioner, to lead the regulatory agency, quoting Atkins as a “proven leader” in “common sense regulations.”
Edited by Sébastien Sinclair
Daily debriefing Newsletter
Start each day with the biggest news stories of the day, plus original features, a podcast, videos and more.
