David Sacks Takes the Helm as AI & Crypto Czar

In a bold administration move, President-elect Donald Trump appointed venture capitalist and PayPal veteran David Sacks as the new "AI & Crypto Czar" on November 15, 2024. Juggling his role at Craft Ventures, Sacks champions light-touch regulations and clearer crypto guidelines, earning cheers from industry leaders. However, concerns about conflicts of interest linger as he maintains ties to private investments. Leading the Presidential Council of Advisors for Science and Technology, Sacks aims to propel U.S. tech dominance with a blend of innovation and cautious oversight.