U.S. President-elect Donald Trump has appointed David Sacks, a right-wing venture capitalist and associate of tech mogul Elon Musk, to lead a new White House agency overseeing artificial intelligence (AI) and cryptocurrency. Trump announced the appointment via a post on his Truth Social platform, highlighting the importance of these two sectors to America’s global competitiveness.
Sacks, known for his close ties to Musk, will be tasked with establishing the U.S. as a dominant force in both AI and digital currency markets. Trump’s statement emphasized that these industries are critical to America’s future and pledged that Sacks would ensure the country maintains its leadership in these fields.
In addition to his work on AI and cryptocurrency, Sacks will focus on safeguarding free speech online, addressing what Trump has long described as liberal bias and censorship by large tech companies like Meta. Sacks’ role will include pushing back against what Trump calls “Big Tech bias.”
One of Sacks’ key responsibilities will be to create a legal framework for the cryptocurrency industry, offering the clarity needed to allow it to flourish within the U.S. economy. The appointment also positions Sacks at the helm of Trump’s advisory board on science and technology, further solidifying his influence in shaping the future of America’s technological landscape.
Sacks, a multi-billionaire entrepreneur, will likely play a pivotal role in shaping U.S. policy on emerging technologies, reflecting Trump’s push to overhaul the regulatory landscape for AI and digital currencies.
