Trump Appoints David Sacks for Crucial Role in AI and Cryptocurrency Regulation
In a significant move reflecting the growing importance of emerging technologies, Donald Trump has appointed a seasoned venture capitalist, David Sacks, to lead efforts in artificial intelligence (AI) and cryptocurrency regulation. This decision underscores the increasing focus on fostering innovation while navigating the challenges posed by these rapidly evolving fields.
Sacks to Lead Presidential Council on Science and Technology, Focus on AI and Crypto
The PayPal mafia member Sacks is known for selling Yammer to Microsoft in 2012 for US$1.2 billion. Sacks will oversee the administration’s cryptocurrency and artificial intelligence initiatives. Among his responsibilities are establishing a presidential council on science and technology and creating a legislative framework for cryptocurrencies. Sacks helped Trump’s campaign earlier this year by hosting a fundraiser at his house in San Francisco.
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