• 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

Bipartisan Cooperation on Crypto Legislation Begins to Emerge

chest

Bipartisan cooperation on crypto legislation is emerging as both parties begin to accept key elements of each other's proposals, marking a significant shift in the legislative process.

user avatarMiguel Rodriguez

Senate's Crypto Market Structure Bill Faces Major Setbacks

chest

The Senate's efforts to finalize a bipartisan crypto market structure bill are faltering due to party disagreements and White House resistance.

user avatarRajesh Kumar

Tom Lee Declares Ethereum Has Bottomed as Bitmine Doubles Down

chest

Tom Lee, founder of Fundstrat, asserts that Ethereum has reached its lowest point, backed by Bitmine's increased purchases.

user avatarLuis Flores

Ostium Raises $20 Million in Series A Funding to Enhance Trading Protocol.

chest

Ostium Labs has raised $20 million in Series A funding to enhance its decentralized trading infrastructure and expand its offerings.

user avatarLucas Weissmann

Mutuum Finance Unveils Dual Lending Framework.

chest

The platform's two-layer lending model accommodates both stable and volatile asset markets.

user avatarArif Mukhtar

MUTM Token Strengthened by Buyback System

chest

The buy and redistribute system enhances the value of the MUTM token through platform-generated fees.

user avatarMaria Gutierrez

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.