• 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

Women in Tech Shine on Forbes 2025 Power Women List

chest

In 2025, several outstanding female leaders in technology gained global recognition by securing spots on the Forbes list of the World's 100 Most Powerful Women.

user avatarKenji Takahashi

Top 10 Women in Tech Recognized by Forbes in 2025

chest

Forbes highlighted 10 remarkable women in technology who are shaping the global tech landscape with their leadership.

user avatarDiego Alvarez

HashKey Holdings to Launch Hong Kong's First Crypto IPO by 2025

chest

HashKey Holdings is set to become the first company to launch a crypto IPO in Hong Kong, aiming to raise up to 215 million by December 17, 2025.

user avatarElias Mukuru

Implementing Zero Trust Architecture in Financial Institutions

chest

Financial institutions are urged to adopt Zero Trust Architecture (ZTA) to enhance security and mitigate risks associated with unauthorized access and credential theft.

user avatarGustavo Mendoza

The Role of AI in Enhancing Fraud Detection

chest

Financial institutions are increasingly turning to Artificial Intelligence (AI) to enhance their fraud detection capabilities, achieving up to 90% accuracy in identifying fraudulent activities.

user avatarMaria Fernandez

HashKey Aims for Hong Kong's First Fully Cryptonative IPO

chest

HashKey has filed for an initial public offering (IPO) that could make it Hong Kong's first fully cryptonative exchange under the new virtual asset regulatory regime.

user avatarRajesh Kumar

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.