• 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

Shiba Inu SHIB Investors Could Have Turned $10 into $1 Million

chest

Early investors in Shiba Inu saw massive returns, with a potential $1 million profit from a $10 investment.

user avatarFilippo Romano

Three Silicon Valley Engineers Arrested for Allegedly Stealing Trade Secrets from Google

chest

Three Silicon Valley engineers arrested for allegedly stealing trade secrets from Google.

user avatarEmily Carter

SEC Chair Paul Atkins Discusses Future of Crypto Regulation at ETH Denver

chest

SEC Chair Paul Atkins discusses the agency's plans for crypto regulation at ETH Denver, emphasizing the need for a clear regulatory framework despite congressional delays.

user avatarTomas Novak

Mignolet Warns of Structural Changes in Bitcoin Market Narratives

chest

Mignolet raises concerns about the impact of on-chain analytics on market narratives and investor expectations.

user avatarKaterina Papadopoulou

XRP Social Media Sentiment Surges to Five-Week High

chest

Data shows that the social media sentiment toward XRP has surged to a five-week high, while Bitcoin and Ethereum remain dull.

user avatarMaya Lundqvist

House Democrats Call for Investigation into World Liberty Financial

chest

A coalition of over 40 House Democrats is urging the Treasury Department to investigate World Liberty Financial due to potential conflicts of interest and national security risks.

user avatarLeo van der Veen

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.