Close Menu
American FocusAmerican Focus
  • Home
  • Binance
  • Bitcoin
  • Business
  • CoinDesk
  • Crypto
  • ESG
  • Finance
  • Market
  • Stocks
  • Trading

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Higher seller’s stamp duty, longer holding period for private homes to have limited impact on market: Analysts

July 4, 2025

Digital transformation, ESG performance and enterprise innovation

July 4, 2025

Bitcoin Consortium Targets Thai Public Firm in Treasury Strategy Push

July 3, 2025
Facebook X (Twitter) Instagram
  • Home
  • About Us
  • Advertise with Us
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
American FocusAmerican Focus
  • Home
  • Binance
  • Bitcoin
  • Business
  • CoinDesk
  • Crypto
  • ESG
  • Finance
  • Market
  • Stocks
  • Trading
American FocusAmerican Focus
Home»Crypto»Trump picks Musk ally David Sacks as crypto and AI tsar

Trump picks Musk ally David Sacks as crypto and AI tsar

JournalistBy JournalistDecember 6, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Share
Facebook Twitter LinkedIn Pinterest Email


Unlock the White House Watch newsletter for free

Your guide to what the 2024 US election means for Washington and the world

President-elect Donald Trump has named venture capitalist David Sacks as the White House’s artificial intelligence and cryptocurrency tsar, the latest confidant of Elon Musk to receive a top appointment in the new government.

Sacks, who was an early employee alongside Musk at PayPal, is a co-host of the All-In podcast and emerged as one of the earliest and most vocal Silicon Valley supporters of Trump, hosting a fundraiser for the candidate in San Francisco in June.

“David has the knowledge, business experience, intelligence and pragmatism to MAKE AMERICA GREAT in these two critical technologies,” Trump posted on his social media platform, Truth Social.

“He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the US,” he added.

AI and crypto regulation are two of the incoming administration’s most pressing priorities.

Crypto investors and founders hope Trump will take a more favourable approach to the sector than Joe Biden’s administration, after the president-elect offered vocal support for digital currencies during his campaign.

This week Trump nominated Paul Atkins, who is sympathetic to the sector, to head the Securities and Exchange Commission. The price of bitcoin, which has soared since the election, climbed past $100,000 for the first time on Thursday after Atkins’s selection.

Trump’s position on AI is less clear, but in his first term he issued an executive order “committed to strengthening American leadership in AI” and many in the sector anticipate lighter regulation.

Sacks threw his weight behind Trump on social media and via his podcast during the campaign. His support earned him a speaking slot at the Republican National Convention in July.

He has been vocal on foreign policy issues as well as tech concerns, including repeatedly criticising President Biden’s approach to Russia’s invasion of Ukraine. Sacks has argued instead for Kyiv to “cut a deal” to ensure a swift ceasefire with Moscow.

His appointment creates another bond between Trump’s Republican party and Silicon Valley, which has historically been a Democratic stronghold.

Musk is the most prominent member of the tech elite to have taken a role in the incoming administration, but other high-profile figures such as venture capitalist Marc Andreessen have played informal roles such as helping to find candidates for the ‘department of government efficiency’.

Sacks is part of a so-called PayPal mafia, a group of founders and early employees at the payments company that includes Musk, Palantir co-founder Peter Thiel, LinkedIn co-founder Reid Hoffman and Sequoia managing partner Roelof Botha.

Recommended

Montage of images with Donald Trump in the foreground and Peter Thiel, Ben Horowitz, Chamath Palihapitiya and Elon Musk

He has deepened his connection to Musk by backing a number of the entrepreneur’s companies, including xAI, X and SpaceX, through his venture capital firm Craft Ventures.

Sacks in May launched his own AI chat platform called Glue.

Sacks’s firm said his new position would not conflict with his existing positions.

“The tsar is an advisory role and has the same government classification as ‘doge’, which does not require David to leave Craft,” the firm said.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Journalist
  • Website

Related Posts

Visa, Mastercard race to tame a US$253 billion crypto threat

July 2, 2025

Crypto-crazy investors make South Korea the best-performing market in Asia

June 29, 2025

‘I have never seen such open corruption’: Trump’s crypto deals and loosening of rules shock observers | Trump administration

June 17, 2025
Leave A Reply Cancel Reply

Don't Miss

How A-listers are shaking up the consumer-goods business

Business July 3, 2025

Celebrities ARE venturing beyond the billboard and the big screen—and into big business. Hailey Bieber,…

How Tech And Agility Are Powering Business Resilience

June 30, 2025

Charting his own course: How a business degree helps this national sailor prepare for life after sport

June 26, 2025

US durable goods orders soar in May

June 26, 2025
Our Picks

Binance to keep hundreds of staff in Singapore despite crackdown

July 2, 2025

Binance ties to Kenyan crypto board raise monopoly concerns: Report — TradingView News

June 29, 2025

You Won’t Believe Who’s Moving Millions in Bitcoin on Binance Right Now — TradingView News

June 28, 2025

New Binance Report: Bitcoin Now Supporting, Not Hedging, the Dollar

June 24, 2025
About Us
About Us

Welcome to American Focus, your trusted source for the latest news and insights on the world of cryptocurrency, trading, and digital assets. We are passionate about providing accurate, timely, and comprehensive information to help you navigate the dynamic landscape of the crypto market.

At American Focus, we cover everything from the basics of Bitcoin to in-depth analyses of platforms like Binance and CoinDesk

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Higher seller’s stamp duty, longer holding period for private homes to have limited impact on market: Analysts

July 4, 2025

Digital transformation, ESG performance and enterprise innovation

July 4, 2025

Bitcoin Consortium Targets Thai Public Firm in Treasury Strategy Push

July 3, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 americanfocus. Designed by americanfocus.
  • Home
  • About Us
  • Advertise with Us
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.