President-elect Donald Trump has appointed former PayPal COO David Sacks as "White House AI and Crypto Czar" to guide US policies on artificial intelligence and cryptocurrency.
Announced on Truth Social, Trump highlighted Sacks’ role in establishing clear regulations to help the crypto industry thrive.
Leaders in tech, including OpenAI CEO Sam Altman, welcomed the decision, citing Sacks’ strong credentials.
A member of the 'PayPal Mafia', alongside Peter Thiel and Elon Musk, Sacks is co-founder of Craft Ventures and an early cryptocurrency advocate.
His regulatory approach is expected to balance innovation with necessary safeguards, prioritizing AI’s use in critical areas. As Bitcoin surpasses $100,000, the administration’s plans aim to solidify the U.S. as a leader in digital finance.