The former PayPal COO and current podcaster will also lead the Presidential Council of Advisors for Science and Technology.
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President-elect Donald Trump says that VC and All-In Podcast co-host David Sacks will be the “White House A.I. & Crypto Czar.”
The appointment of Sacks, who hosted a $300,000-a-person dinner at his mansion to fundraise for Trump’s campaign this past July, follows fellow PayPal Mafia member Elon Musk’s appointment to co-lead the “Department of Government Efficiency.” According to Bloomberg, like Musk, Sacks will be “a special government employee” who can serve up to 130 days a year without divesting or publicly disclosing his assets.
It also comes a day after Trump announced former Republican Securities and Exchange Commissioner Paul Atkins will lead the SEC.
Here’s what Sacks will be tasked with in his role, according to the post:
In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. 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.
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.
Trump says Sacks will also head up the Presidential Council of Advisors for Science and Technology, an independent advisory committee that exists today. In a second Truth Social post, Trump highlighted Sacks’ history at PayPal and his founding of Yammer.
