President-elect Donald Trump has named venture capitalist David Sacks to lead U.S. policy on artificial intelligence (AI) and cryptocurrency. The announcement was made on Truth Social.
As reported by Reuters, details of Sacks’ specific responsibilities have not been disclosed, but his role is expected to include overseeing regulatory policy for the cryptocurrency sector.
Sacks, co-founder of the venture capital firm Craft Ventures, has a long history in the tech industry, including helping to build PayPal and founding the enterprise social network Yammer, which was acquired by Microsoft. He is also an investor in high-profile companies such as Facebook, SpaceX, and Airbnb.
A vocal supporter of blockchain technology and decentralised finance, Sacks has championed the potential of cryptocurrencies to disrupt traditional financial systems.
