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Venture investor and podcaster David Sacks has been appointed as the “White House A.I. & Crypto Czar” by President-elect Donald Trump. In this role, Sacks will focus on developing policies for artificial intelligence and cryptocurrency, including creating a legal framework for crypto and leading a presidential council of advisors on science and technology. Trump emphasized that Sacks will work to make America the global leader in these areas, while also safeguarding free speech online and addressing Big Tech bias and censorship.
Sacks had previously supported Trump by hosting a fundraiser for his campaign, despite being critical of him after the Capitol riot in January 2021. As a venture capitalist and entrepreneur who sold Yammer to Microsoft for $1.2 billion in 2012, Sacks is well-connected in Silicon Valley and is affiliated with the “PayPal mafia.” He is also known for hosting the All-In podcast, where he discusses economic, political, and social issues with other prominent investors.
The appointment of Sacks signals a shift towards rewarding supporters from the tech industry and advocating for policies that cryptocurrency entrepreneurs generally support in the second Trump administration. Sacks’ extensive experience in the technology sector and his involvement in high-profile ventures make him a key player in shaping the administration’s approach to A.I. and cryptocurrency.
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