Amid Donald Trump’s mission to build a crypto-friendly administration this presidency, he has appointed David Sacks as the Crypto and AI strategist. This is exciting for the crypto industry, especially as the market is struggling on the charts. With this information, hopes are building for Trump’s presidency, as his winning alone has brought the crypto market rally, so his presidency might push it for even better. During his presidential campaigns, Donald Trump promised 11 things to the crypto industry, including making America the crypto capital and the Bitcoin superpower of the world. This and many other pledges have brought him to the 47th US President position, and he has already begun working for the same, as he is on a mission to bring a crypto-friendly administration. Who is David Sacks? David Sacks is a 52-year-old South African-American entrepreneur who has now gained the position to overlook crypto regulation with his position as Crypto Czar. He is even known for his popular All in Popular podcast, where he talks about politics, the economy, and various topics, but this is nothing compared to his venture capitalist and author attributes. David has invested as an angel investor for 20 years in world-famous tech businesses like Facebook, Airbnb, Uber, and many others. He was even Paypal’s COO and founder of Yammer. More importantly, he is one of the greatest pals with Elon Musk, the multi-billionaire Tesla founder and the D.O.G.E leader. Interestingly, he has recently shared key highlights about D.O.G.E and what is coming next. Getting back to the topic, David is the White House Crypto Czar and AI strategist under Donald Trump’s second presidency. In the last 52 years, David has experienced multiple sectors, including film production, where he produced the two Golden Globes and Best Motion Picture award winner film ‘Thank You for Smoking.’ David Sacks Enters Public Sector For The First Time For all of his life, David Sacks has invested his time in the private sector but is finally getting involved with the public sector as the President’s Council of Advisors on Science and Technology and the White House AI and Crypto Czar. Trump has custom-created this role role to develop crypto regulation for the $3.44B crypto industry. As per Donald Trump’s official announcement, David Sacks would “Safeguard Free Speech online” and would work on legal frameworks for the crypto industry so that it and AI could thrive in the US. Interestingly, David Sacks was quite critical of Donald Trump a few years ago, but that has changed this year. He began associating with Trump at the beginning of 2024 and even hosted a fundraiser for Trump. Now, he is supposed to join him in this presidency. David has already shown enthusiasm about his new role and promised to look into Operation Choke Point 2.0 . However, this role limits David to an advisor position best, as David will only work to represent the crypto industry positively to Congress. Regardless, this new role is also receiving concerns and hate due to his limited experience in the public sector. Some even have commented on the conflict of interests due to the continuation of his involvement with the private sector, as he will be working part-time only. The Bloomberg report states that he is a “special government employee” who will work for around 130 days/ year. How Does His Appointment Affect the Crypto Market? The crypto industry has shown enthusiasm about David Sacks’ appointment as Crypto and AI Strategist. Crypto investors have taken it as a sign of crypto-friendly regulations. Such events pushed the Bitcoin price to $100K earlier, but the same is declining today, currently trading at $98.2k. Many crypto analysts claim that the crypto market lacks new stimulus to assist the market with further growth. Moreover, one even claimed to witness a downfall to Donald Trump’s inauguration in January 2025. However, despite the outcome, the market does show enthusiasm around Trump revealing his pick for his presidency. Now, the biggest stimulus will be Gary Gensler’s resignation in January. The post Who Is David Sacks? Meet Donald Trump New Crypto and AI Strategist appeared first on CoinGape .
