Former venture capitalist adn prominent podcaster David Sacks has been tapped by Donald Trump to serve as the “White House A.I. & Crypto Czar,” according to an proclamation made on Truth Social.
Paul Chinn | San Francisco Chronicle | Hearst Newspapers via Getty Images
In this newly created role, Sacks will be responsible for shaping the administration’s policies on artificial intelligence and cryptocurrency. This includes developing a regulatory framework for cryptocurrencies and leading a presidential council of advisors on science and technology.
“david will focus on making America the clear global leader in both areas,” Trump wrote on Truth Social.”He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.”
Sacks’ appointment signals a continued trend of the Trump administration aligning itself with Silicon Valley figures who actively supported his campaign. It also suggests a strong push for policies that are favorable to the cryptocurrency industry.
sacks emerged as a vocal Trump supporter earlier this year, hosting a high-profile fundraiser for the then-Republican nominee at his San Francisco residence. Tickets for the event were priced at $50,000 each, with a premium tier costing $300,000 that included a photo opportunity with Trump.
This marked a significant shift in Sacks’ stance, as he had previously been highly critical of Trump following the January 6th capitol riot. In a subsequent episode of his podcast, “All-In,” Sacks stated that Trump was “clearly” responsible for the events of that day and had “disqualified himself from being a candidate at a national level.”
However,Sacks later appeared at the Republican National Convention in Milwaukee in July.
Sacks is a seasoned venture capitalist and entrepreneur, best known for selling his company Yammer to Microsoft for $1.2 billion in 2012. He is also associated with the influential “PayPal mafia,” a group of prominent technology figures and investors, including Elon Musk and Peter Thiel, who all worked at PayPal in the 1990s.
In recent years, Sacks has gained recognition for co-hosting the popular “All-In” podcast alongside fellow investors Chamath Palihapitiya, Jason Calacanis, and David Friedberg. Trump described the podcast as “the top podcast in tech, where he and his friends discuss economic, political and social issues.”
## Trump Taps Sacks as “White House A.I. & Crypto Czar”: Expert Weighs In
**WorldTodayNews**: Former venture capitalist and prominent podcaster David Sacks has been appointed “White House A.I. & Crypto Czar” by Donald Trump, a move announced on Truth Social.This unexpected selection has sparked widespread discussion. To help us understand the potential implications of this appointment, we spoke with Dr. Emily Carter,a leading expert in artificial intelligence and blockchain technology at the Center for Technology Policy.
**WorldTodayNews**: Dr. Carter, what are your initial thoughts on David Sacks’ appointment?
**Dr.Carter**: It’s certainly a bold move. While Mr. Sacks has a accomplished track record in tech investing and possesses a strong understanding of the private sector, his experience in government and public policy is limited.
**WorldTodayNews**: Some critics argue that Sacks lacks the necessary expertise in AI and crypto regulation. How valid are these concerns?
**Dr. Carter**: I understand the concerns. AI and crypto are rapidly evolving fields with significant societal and economic impacts. navigating this complex landscape requires deep technical understanding,not just business acumen.
However, Mr. Sacks’ strong entrepreneurial background and proven ability to identify and invest in cutting-edge technologies could be assets. It remains to be seen whether he will surround himself with experts who can fill in any gaps in his knowledge.
**WorldTodayNews**: What potential benefits could Sacks bring to the role?
**Dr. Carter**: One potential benefit is his ability to bridge the gap between the tech industry and the government. He has a strong network of contacts in Silicon Valley and could perhaps encourage collaboration and innovation in these fields.
additionally, his public profile and interaction skills could help raise awareness about the importance of AI and crypto regulation and engage the public in these crucial conversations.
**WorldTodayNews**: What are the biggest challenges facing Sacks in this role?
**Dr. Carter**: First, establishing credibility with both the technology sector and the broader public will be critical.
Second,navigating the complex regulatory landscape surrounding AI and crypto will be a formidable task. There are significant ethical, legal, and economic considerations that need to be carefully balanced.
effectively coordinating with other government agencies and international partners to develop harmonized policies will be crucial to avoid fragmented and ineffective regulations.
**WorldTodayNews**: Thank you for sharing your insights, Dr. Carter.
**Dr. Carter**: My pleasure. It’s certainly an engaging time to be watching the intersection of technology and policy.
**WorldTodayNews**: Readers can learn more about David Sacks and his background by visiting our website at worldtodaynews.com.
