• 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

Billy Markus Critiques Crypto Manipulation Claims Amid Market Drop

chest

Billy Markus, the creator of Dogecoin, addresses accusations of market manipulation following a significant drop in the cryptocurrency market, emphasizing the need for a mature perspective on market dynamics.

user avatarEmily Carter

Cion Investment and Others Announce Dividend Payments

chest

Cion Investment and Investors Title are set to pay dividends on December 15, 2025, with yields of 14.17% and 13.17%, respectively.

user avatarSon Min-ho

AmTrust Financial Series Offer Diverse Dividend Options

chest

AmTrust Financial's various series provide dividend yields ranging from 12.01% to 12.62%, offering multiple options for investors.

user avatarTando Nkube

Investcorp Credit Management BDC Offers Attractive Dividend

chest

Investcorp Credit Management BDC will pay a dividend yield of 18.36% on December 12, 2025, appealing to investors seeking stable returns.

user avatarAyman Ben Youssef

Information and Communications Sector Reports Growth in Q3 2025

chest

In Q3 2025, Nigeria's Information and Communications sector contributed 91 to real GDP, totaling N52 trillion, with a year-on-year growth rate of 5.78%.

user avatarKaterina Papadopoulou

Nigerian Digital Economy Sector Sees Decrease in GDP Contribution

chest

The Digital Economy sector in Nigeria contributed N67 trillion to the nation's real GDP during Q3 2025, a decrease from N144 trillion in Q2 2025.

user avatarTomas Novak

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.