Trump Appoints David Sacks as Crypto and AI Advisor
Former PayPal COO David Sacks has been appointed by Donald Trump to advise on cryptocurrency and artificial intelligence (AI) policy. Sacks will focus on developing a legal framework for the crypto industry to flourish in the US. This appointment signals a potential shift in regulatory approach compared to the Biden administration. For insights into potential future tech policy, see Vogels' 2025 Tech Predictions.
Sacks, known for co-founding Yammer and Craft Ventures, has a history of supporting technological innovation. His venture capital firm has invested in companies like SpaceX, Reddit, and ClickUp. He views cryptocurrencies as fulfilling the original vision of PayPal, creating a more efficient and contained financial system. This aligns with discussions around MobiKwik's IPO and the evolving financial landscape. His stance on AI policy is less clear, but his generally deregulatory approach suggests a potentially lighter touch on the industry, contrasting with discussions around xAI's funding and expansion.