• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

D. Sacks Becomes AI and Crypto Advisor at the White House

user avatar

by Giorgi Kostiuk

a year ago

US President Donald Trump announced the appointment of David Sacks as the AI and Crypto Advisor. Sacks' role will involve shaping the administration's strategy in these key global economic sectors.

David Sacks' Career

David Sacks is a well-known figure in Silicon Valley, a former COO of PayPal. He was involved in founding Yammer, later acquired by Microsoft, and started Craft Ventures, a venture firm investing in projects including SpaceX and Solana.

Trump's Vision for Cryptocurrency

Trump appointed Sacks to develop a legal framework for cryptocurrencies in the US. "He will work on a legal framework so the crypto industry can thrive in the US," Trump stated.

He will work on a legal framework so the crypto industry can thrive in the US.Donald Trump

Sacks' Role and Potential Conflicts of Interest

Despite his appointment, Sacks is not required to divest his financial assets, but will be subject to conflict-of-interest rules. As a special government employee, he can work up to 130 days per year.

David Sacks' appointment highlights the Trump administration's aim to establish clearer regulations for the crypto industry and offer stability within this rapidly evolving sector.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Market Enters Momentum Reset Phase

chest

The Bitcoin market is currently experiencing a momentum reset, a typical occurrence between major trend cycles.

user avatarMaria Gutierrez

Anticipated Effects on Upcoming Tax Regulations

chest

The private dinner in Washington, DC, is expected to influence upcoming cryptocurrency tax regulations, aiming for increased clarity and eased reporting requirements.

user avatarDavid Robinson

BNB Chain Enhances Infrastructure with Better Payment Network

chest

BNB Chain is enhancing its global utility through a partnership with Better Payment Network to build a multistablecoin global settlement network.

user avatarAndrew Smith

High College Dropout Rates Linked to Systemic Challenges

chest

A national study reveals that nearly 40% of college students do not graduate due to systemic issues rather than lack of ability.

user avatarZainab Kamara

IAILS Introduces Immersive AI to Combat College Dropout Rates

chest

The Fourth Star Immersive AI Learning System (IAILS) aims to address barriers to student graduation.

user avatarJacob Williams

XRP Forms Megaphone Pattern Indicating Potential Drop to $0.88

chest

The XRPUSD pair has formed a megaphone pattern, suggesting a deeper correction may occur, targeting $0.88.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.