David Sacks: From Silicon Valley Veteran to White House Crypto Czar

by Giorgi Kostiuk

a year ago

Donald Trump has appointed David Sacks to lead the administration's efforts in AI and cryptocurrency sectors.

David Sacks: Silicon Valley Veteran

David Sacks, known for his role as COO at PayPal and founder of Yammer, has been appointed to a key position in Trump's administration. He has invested in companies like SpaceX and cryptocurrency projects through Craft Ventures.

Trump’s Vision for Legal Crypto Framework

Trump emphasized that Sacks’ mission is to establish a legal framework for the U.S. cryptocurrency sector. "He will work on a legal framework so the crypto industry has the clarity it has been asking for," Trump stated.

He will work on a legal framework so the crypto industry has the clarity it has been asking for.Trump

Sacks' Role and Potential Conflicts of Interest

Despite his important role, Sacks is not required to disclose his financial holdings. However, he will adhere to conflict-of-interest rules and, like Elon Musk, can serve up to 130 days a year.

Sacks' appointment reflects the Trump administration's intent to foster a favorable environment for AI and cryptocurrency advancements in the U.S.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Corporate Adoption of Litecoin Grows.

In 2025, corporate entities such as Luxxfolio Holdings and MEI Pharma adopted Litecoin, accumulating significant amounts of LTC, highlighting its appeal as a stable asset.

Zainab Kamara5 minutes ago

Litecoin Surpasses 70 Million Transactions in 2025.

In 2025, Litecoin processed over 70 million transactions, marking a significant increase in real-world usage for payments and transfers.

Son Min-ho5 minutes ago

Authorities Dismantle Illegal Cryptocurrency Mining Operations in Sverdlovsk Region

Law enforcement authorities in Russia's Sverdlovsk region dismantled illegal cryptocurrency mining farms causing significant financial damage to an energy provider, with losses exceeding 16 million rubles due to unauthorized electricity consumption.

Diego Alvarez8 minutes ago

Regulatory Scrutiny Predicted Following S2XVoy's Trading Claims

Regulatory scrutiny is expected following S2XVoy's trading claims, which include a reported 535x return on investment, highlighting the need for transparency in the cryptocurrency market.