President Trump Appoints Tech Billionaire David Sacks as White House A.I. and Crypto Czar
President Trump has appointed venture capitalist David Sacks as the first ever “White House A.I. & Crypto Czar.”
” 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,” Trump said.
“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. David will also lead the Presidential Council of Advisors for Science and Technology.”
As The Gateway Pundit recently reported, President Trump weighed the cryptocurrency market in his nomination of Paul Atkins for the Securities and Exchange Commission (SEC) Chair and separately appointing the country’s first “Crypto Czar.”
Trump also responded to the price of Bitcoin reaching the $100,000 milestone on Thursday, saying, "CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!!"
Trump previously spoke at the Nashville Bitcoin Conference while campaigning for President in July and promised he would fire current SEC Chairman Gary Gensler “on day one” and “appoint a new SEC Chairman who believes America should build the future, not block the future.”
He further declared that under his Administration, the United States will become the "Crypto capital of the planet and the Bitcoin superpower of the world." He continued, "If crypto is going to define the future, I want it to be mined, minted, and made in the USA."
"And if Bitcoin is going to the moon, as we say--It's going to the moon--I want America to be the nation that leads the way, and that's what's going to happen."
WATCH:
Bitcoin hit the coveted $100,000 price point on Wednesday and was still trading at $103,000 Thursday morning, up more than 50% since election day. Trump's election and crypto advocacy made the price of cryptocurrencies skyrocket.
President Trump made the announcement for his new A.I. and crypto role in a series of Truth Social posts Thursday, noting that "David has the knowledge, business experience, intelligence, and pragmatism to MAKE AMERICA GREAT in these two critical technologies."
Trump: I am pleased to announce that David O. Sacks will be the “White House A.I. & Crypto Czar.” 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. David will also lead the Presidential Council of Advisors for Science and Technology…
…David Sacks has been an extremely successful entrepreneur and investor for 25 years, building and investing in some of the most iconic companies in Silicon Valley. He was PayPal’s founding-era COO, part of the legendary “PayPal Mafia.” David then founded enterprise software company, Yammer, which was acquired by Microsoft for $1.2 Billion Dollars. Subsequently he founded Craft Ventures, a venture capital firm based in San Francisco. David is co-host of the All-In Podcast, the top podcast in Tech, where he and his friends discuss economic, political and social issues.
David has the knowledge, business experience, intelligence, and pragmatism to MAKE AMERICA GREAT in these two critical technologies. Congratulations, David!
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