David Sacks appointed by Trump as ‘White House AI and Crypto Czar’ to Supervise Regulation – Decrypt
President-elect Donald Trump has chosen venture capitalist David Sacks to lead artificial intelligence and crypto policy initiatives in his upcoming term. This marks a significant change in the U.S.’s approach to new technologies.
Trump announced the appointment through his Truth Social platform on Thursday, naming Sacks, co-founder of Craft Ventures LLC, as the head of the newly established technology czar role.
“I am pleased to announce that David O. Sacks will be the ‘White House A.I. & Crypto Czar,’” Trump stated in his post. “He will protect online free speech and guide us away from Big Tech bias and censorship. He will develop a legal framework to provide the clarity desired by the crypto industry and promote its growth in the U.S.”
David will also lead the Presidential Council of Advisors for Science and Technology, according to Trump.
Sacks will be responsible for shaping policies in both AI and crypto, two areas deemed vital to America’s future competitiveness, as stated by Trump.
The appointment aligns with Trump’s evolving views on digital assets, contrasting with his previous skepticism when he characterized Bitcoin as “highly volatile and based on thin air” during his first term. Trump’s campaign has since embraced crypto-friendly strategies, pledging regulatory clarity for the industry.
Sacks, a prominent figure in Silicon Valley and a Trump supporter, has played a key role in bridging the gap between technology leaders and the Trump campaign. Previously, he hosted a significant fundraising event at his San Francisco residence in June.
He has also maintained close connections with Vice President-elect JD Vance, who worked as a venture capitalist before becoming an Ohio senator.
“David possesses the knowledge, business acumen, intellect, and practicality to MAKE AMERICA GREAT in these two crucial technologies,” Trump added in another Truth Social post.
The position is expected to establish direct communication channels between the White House and federal regulators, such as the Securities and Exchange Commission and the Commodity Futures Trading Commission. Specifically, the role aims to facilitate the creation of clear regulatory frameworks for digital assets.
Sacks publicly supported Trump’s presidential bid in June, highlighting the former president’s economic policies, foreign relations approach, and border control measures as critical considerations.
The venture capitalist has voiced concerns about inflation, advocating for diplomatic resolutions to international conflicts and reforms to what he sees as partisan-driven legal actions.
The appointment comes at a time when the crypto industry is undergoing increased regulatory scrutiny in the United States, with calls for clearer operational guidelines.
Regulatory talks on AI safety and controls for widespread use are also underway, with one bill vetoed by California Governor Gavin Newsom in September.
Trump also revealed on Thursday that he is bringing back Paul Atkins, a former SEC commissioner, to head the regulatory agency, citing Atkins as a “proven leader” for implementing “common sense regulations.”
Edited by Sebastian Sinclair
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