2025 Trump Appoints David Sacks as White House AI & Crypto Czar: Steering Innovation with $1.2B Tech Veteran

Key Highlights

• In 2024, President Trump has appointed renowned venture investor and podcaster David Sacks as the White House AI & Crypto Czar.
• Sacks, co-host of the influential “All-In” podcast, will shape policies on Artificial Intelligence and Cryptocurrency, vital sectors for America's competitive edge.
• He previously sold his enterprise software company Yammer to Microsoft for $1.2 billion and founded the venture capital firm Craft Ventures.

President Trump’s latest appointment signals a strategic focus on advancing AI and cryptocurrency technologies during his second term. David Sacks, a seasoned investor and tech entrepreneur, will lead efforts to develop forward-thinking policies in these transformative fields.

Announced via Trump’s Truth Social platform, Sacks’ role involves crafting administration policies that foster innovation and maintain America’s global leadership in AI and crypto industries.

According to The New York Times, Sacks is closely connected to Tesla CEO Elon Musk and advocates for deregulation in AI and cryptocurrency sectors. This move follows a surge in Bitcoin surpassing $100,000 and strong performances from AI-driven companies like Nvidia, reflecting growing investor confidence in tech under Trump’s administration.

Trump emphasized, “David will ensure America leads globally in AI and crypto, protect free speech online, and counteract biases and censorship from Big Tech. He will also establish clear legal frameworks to enable the crypto industry to thrive domestically.”

David Sacks’ impressive track record includes serving as COO of PayPal during its inception and successfully exiting Yammer with a $1.2 billion deal to Microsoft. His venture capital firm, Craft Ventures, continues to invest in pioneering technologies shaping the future.

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