Key Takeaways
- Trump appointed David Sacks as 'White House AI and Bitcoin Czar.'
- Sacks will oversee regulatory clarity for Bitcoin and AI.
- Former SEC commissioner Paul Atkins is also joining the administration.
President-elect Donald Trump has appointed David Sacks, co-founder of Craft Ventures, to serve as the “White House AI and Bitcoin Czar” for his upcoming term.
Trump announced the decision on Truth Social, highlighting Sacks’ role in safeguarding free speech online, addressing tech bias, and developing a clear regulatory framework for Bitcoin and artificial intelligence (AI).
Trump stated:
David O. Sacks will safeguard free speech online and steer us away from Big Tech bias and censorship. He will work on a legal framework so the Bitcoin industry has the clarity it has been asking for and can thrive in the U.S..
The role places Sacks at the helm of the Presidential Council of Advisors for Science and Technology. His duties will include collaborating with federal regulators like the SEC and CFTC to facilitate clearer guidelines for digital assets, an area long criticized for regulatory ambiguity.
Sacks, a Silicon Valley investor and vocal Trump supporter, hosted a major fundraiser for the President-elect earlier this year. His appointment reflects Trump’s evolving stance on Bitcoin, moving from skepticism in his first term to pledging regulatory clarity during his current campaign.
In a related announcement, Trump revealed Paul Atkins, a former SEC commissioner known for crypto-friendly policies, will lead the SEC. These moves signal a push for more business-friendly approaches to AI and digital assets under Trump’s administration.
