• 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

Attempted Murder Charges Filed in Crypto Investment Dispute

chest

A man in his thirties has been charged with attempted murder after allegedly poisoning his business partner over a dispute related to failed crypto investments.

user avatarTomas Novak

XRP Faces Resistance and Support Levels

chest

XRP price is currently trading above key support levels but faces resistance near 1460 and 150.

user avatarKaterina Papadopoulou

Bitwise Expands Staking Infrastructure with Chorus One Acquisition

chest

Bitwise has acquired Chorus One, enhancing its staking capabilities across multiple blockchain networks.

user avatarMaya Lundqvist

Vitalik Buterin Calls for Enhanced Security in Ethereum's DeFi Ecosystem

chest

Ethereum cofounder Vitalik Buterin emphasizes the need for prioritizing oracle design and decentralization as critical security issues within the DeFi sector.

user avatarLeo van der Veen

Dogecoin Open Interest Drops Below 1 Billion for the First Time Since 2024

chest

Dogecoin's open interest has fallen below 1 billion for the first time since October 2024, indicating a significant decline in investor positioning.

user avatarAisha Farooq

XRP Open Interest Declines to Levels Last Seen in November 2024

chest

XRP's open interest has decreased to levels last seen in late November 2024, with total open contracts now standing at 165 billion XRP, valued at 227 billion USD.

user avatarLi Weicheng

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.