• 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

Trump's Shift to Pro-Crypto Policies Amid Bitcoin Volatility

chest

Donald Trump has shifted from skepticism to supporting pro-crypto policies, reflecting a broader trend.

user avatarLuis Flores

Trump's Alleged $2 Billion Bitcoin Purchase Sparks Controversy

chest

Claims of Donald Trump's $2 billion investment in Bitcoin have emerged, but lack substantial evidence.

user avatarMiguel Rodriguez

Block Inc Expected to Meet Rule of 40 by 2026 Amid Investor Concerns

chest

JPMorgan projects Block Inc to achieve the Rule of 40 by 2026, despite investor concerns over a $70 million expense.

user avatarArif Mukhtar

Regulatory Pressures Mount After xUSD's Value Plunge

chest

The xUSD depegging incident has raised concerns in the DeFi market, prompting potential regulatory scrutiny and calls for governance reforms.

user avatarMaria Gutierrez

Market Risks Highlighted by Hyperliquid's Lending Protocol Launch

chest

Onchain data reveals risks associated with interconnected loans and trader liquidations in the context of Hyperliquid's new lending protocol.

user avatarDavid Robinson

Binance Coin (BNB) Shows Strong Market Performance

chest

Binance Coin (BNB) has shown significant growth, surging nearly 10% over the last week, with a market cap of $13.485 billion, driven by institutional interest and its utility within the Binance ecosystem.

user avatarAndrew Smith

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.