Editor's PiCK
Trump Nominates David Sacks as 'AI and Cryptocurrency Czar'
Doohyun Hwang
Summary
- President-elect Donald Trump announced the appointment of David Sacks as the 'AI and Cryptocurrency Czar.'
- Sacks stated that he will secure clarity and establish a legal framework for the cryptocurrency industry.
- Sacks, who raised about $12 million for the Trump campaign, has previously announced his support for Trump.
President-elect Donald Trump announced on the 5th (local time) that he has appointed David Sacks, co-founder of Craft Ventures, as the 'Artificial Intelligence and Cryptocurrency Czar.'
On this day, President-elect Trump stated on his social media account, "He will lead the administration's policies on AI and cryptocurrency," adding, "He will secure the clarity that the cryptocurrency industry has been demanding and establish a legal framework for the industry."
Sacks, classified as a member of the PayPal Mafia, previously announced his support for Trump and held a fundraising event that raised about $12 million for the Trump campaign.
Doohyun Hwang
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