President-elect Donald Trump has selected David Sachs — entrepreneur, venture capitalist, podcast host, and former PayPal COO — as his pick for the White House’s AI and cryptocurrency czar.
The move doubles down on Trump’s agenda to accelerate technological progress, strengthening America’s economic superiority in artificial intelligence and cryptocurrencies. Sachs certainly has heavyweight credentials, but the selection also raises conversations about the political rewards and power of deep-pocketed donors.
Who is Cryptocurrency Czar David Sachs?
David Sachs has carved out his name as part of the “PayPal Mafia,” the alumni club of Silicon Valley power players reshaping the tech world. At Craft Ventures, he went from changemaker to kingmaker, funneling money into startups spanning technology, finance, and media.
Not only does Sacks pull the strings behind the scenes, he shares the mic with industry giants like Chamath Palihapitiya on the All-In podcast, where technology, politics, and economics collide. Then there’s Elon Musk, whose Sachs stood firmly behind Twitter giant Tesla’s messy 2022 takeover, throwing his weight into one of the most polarizing deals in recent history.
https://t.co/DllC6aJYoG pic.twitter.com/Li86cNDuP8
– David Sacks (@DavidSacks) December 6, 2024
Not only has Sachs funded startups this year, he has funded Trump. By hosting a $12 million fundraiser at his home in San Francisco, Sachs demonstrated his talent for combining tech money with political influence. Now, with his latest appointment, he has cemented his position as a key figure in the Trump administration. It’s a case study of how the right checks open the biggest doors in government.
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Defining the role of artificial intelligence and cryptocurrencies
Trump’s announcement sees Sachs instrumental in shaping US policy in two key technology sectors. According to Trump, Sachs will focus on several priorities, including promoting innovation, creating legal clarity for the cryptocurrency industry, and protecting freedom of expression online.
- “It will protect freedom of expression online and keep us away from bias and censorship at Big Tech,” Trump said.
- “He will work on a legal framework so that the cryptocurrency industry has the clarity it has been asking for and can flourish in the United States.”
These priorities are consistent with Trump’s broader pro-business and populist agenda, which emphasizes deregulated markets and the decentralization of power from what he sees as Silicon Valley monopolies.
Implications for artificial intelligence and crypto policy
Sachs’ appointment signals a major shift in the way the White House might approach technology policy. The United States has lagged behind other countries, such as China, in issuing coherent frameworks for developing artificial intelligence and regulating digital assets. Sachs is expected to bring Silicon Valley’s innovative mentality to the federal government and push for deregulation.
At the same time, its role in AI policy may emphasize ethical innovation and strengthen US dominance in machine learning technologies.
Sachs is not the only ally joining Team Trump. The president-elect has brought together his incoming administration, Elon Musk and Vivek Ramaswamy, under the DOGE banner, as well as border security advocates who take key roles on immigration.
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What’s next for innovation in America?
Under Sachs’ leadership, America could become the world’s cryptocurrency hub. Regardless of politics, if you hold cryptocurrencies, Trump gives you everything you could possibly dream of.
With Silicon Valley’s growing influence in the federal government, this administration is unprecedented. It is unclear whether Sachs will focus on long-term solutions or short-term political gains, but America’s tech sector is at a critical turning point with great opportunities ahead.
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Post Who is David Sachs? Here’s everything you need to know about Trump’s new cryptocurrency czar