Donald Trump names David Sacks as White House AI and Crypto Czar  

Donald Trump who will be inaugurated in January 2025 announced the development via Truth Social saying Sacks would be tasked with providing a legal framework for the crypto industry.

“David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas,” Trump said

“Sacks will work on a legal framework so the Crypto industry has the clarity it has been asking for and can thrive in the U.S,” Trump added.

David Sacks’ nomination is the latest from the President-elect as he continues to assemble his team in preparation for his inauguration in January.

Trump’s new Crypto Czar, David Sacks is no stranger to the global crypto and finance community.

Paul Atkins is Pro crypto and his nomination was openly celebrated by the global crypto community. The SEC under Gary Gensler will be remembered for its mixed signals and subtle litigations with various crypto founders.

Donald Trump is perceived as a crypto-friendly president and his election victory kick-started a bull run that saw Bitcoin smash its all-time high of $73,737.

Several Altcoins and memecoins followed suit with the memecoin category outperforming other categories.

Memecoins like PNUT, Chill Guy, and Dogecoin over-performed making many of its early backers rich from the bull cycle.