Trump names David Sacks as first crypto czar

Donald Trump appoints David Sacks as the first Crypto and AI Czar, aiming to shape US leadership in emerging technologies and digital assets.

Donald Trump has appointed David Sacks as the first White House Crypto and AI Czar, marking a significant move in shaping US policy on emerging technologies. Sacks, a veteran entrepreneur and early fintech pioneer, brings over 20 years of Silicon Valley expertise to this newly established role. Known for his time as the founding COO of PayPal and a key figure in the “PayPal Mafia,” Sacks has a strong track record in the tech industry. He also founded Yammer, which Microsoft acquired for $1.2 billion.

Trump created this role to address the growing need for a national strategy on cryptocurrency and artificial intelligence. While details about Sacks’ responsibilities are limited, his primary focus will be to guide US policy, establish a clear legal framework for digital assets, and strengthen America’s leadership in next-generation technologies. On Truth Social, Trump called the appointment a critical step toward maintaining American competitiveness in these fields.

Trump’s pro-crypto stance was further demonstrated by his selection of Paul Atkins as the next SEC Chair, replacing Gary Gensler in January. Atkins, a vocal advocate for crypto, is expected to take a regulatory approach more favorable to the industry, aligning with Trump’s broader goals.

The crypto market has responded enthusiastically to Trump’s leadership. Bitcoin reached an all-time high of $100,000 just a month after his re-election, a milestone celebrated by the crypto community. Trump congratulated the sector, quipping, “You’re welcome.”

With David Sacks as the first Crypto Czar, the US is poised to overhaul its approach to digital assets and AI policy, signaling a new era for the tech and crypto industries. These appointments highlight Trump’s commitment to fostering innovation and addressing long-standing regulatory gaps.