Ricky Carioti via Getty Images / The Washington Post
Takeaways from the Key Notes
- President-elect Donald Trump has appointed venture investor and podcaster David Sacks as the "White House A.I. & Crypto Czar."
- The co-host of the popular "All-In" podcast will "guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness," Trump said.
- Sacks, who sold Yammer to Microsoft in 2012 for $1.2 Billion, then founded venture capital company Craft Ventures.
President-elect Donald Trump has appointed venture investor and podcaster David Sacks as the "White House A.I. & Crypto Czar," indicating that his second administration will focus on the hot technology and cryptocurrencies.
Trump said on his Truth Social platform Thursday night that Sacks, the co-host of the popular "All-In" podcast, will "guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness."
The New York Times reported that Sacks was a close friend to Elon Musk, the Tesla CEO and a Trump ally. Sacks has also been a supporter of laxer regulation of cryptocurrency and AI. The announcement came a day after bitcoin (BTCUSD) surpassed $100,000 on investor expectations of a friendlier White House regime toward crypto, and AI-focused stocks like chipmaker Nvidia (NVDA) have propelled this year’s record rally in U.S. markets.
"David will focus on making America the clear global leader in both areas. He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship," Trump wrote. "He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S."
Sacks served as PayPal Holdings (PYPL’s) chief operating officer (COO), at the time when Musk was its largest shareholder. Sacks sold Yammer to Microsoft in 2012 for $1.2 Billion. He then founded venture capital company Craft Ventures.
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