• 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

Bitwise CEO Advocates for Crypto Investment

chest

Hunter Horsley, CEO of Bitwise, emphasizes the current market conditions as a prime opportunity for cryptocurrency investment.

user avatarMohamed Farouk

Breet Unveils 30 Pro Max Upgrade with Enhanced Features

chest

Breet has introduced its 30 Pro Max upgrade, enhancing speed, security, and adding new features to its cryptocurrency platform.

user avatarBayarjavkhlan Ganbaatar

Technical Indicators Signal Short-Term Bullish Momentum for Pi Coin

chest

Multiple indicators are confirming improving demand and short-term bullish momentum for Pi Coin.

user avatarDiego Alvarez

Pi Coin Shows Resilience Amid Crypto Market Correction

chest

Pi Coin has shown unusual strength, remaining up almost 18% month-on-month despite a sharp correction in the broader crypto market.

user avatarElias Mukuru

X Bull Finance Highlights the Unique Advantages of HBAR Token

chest

X Bull Finance highlights the unique advantages of the HBAR token, emphasizing its innovative technology and the importance of understanding it in the evolving crypto landscape.

user avatarKenji Takahashi

Apecoin Connects Meme Appeal with NFT Landscape

chest

Apecoin has expanded its ecosystem through collaborations in the NFT space, enhancing its visibility and functionality.

user avatarMaria Fernandez

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.