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Ex-PayPal COO David Sacks is Trump’s new crypto and AI ‘czar’

Incoming President Donald Trump has a new crypto and AI 'czar': ex-PayPal COO David Sacks.

Incoming President Donald Trump has a new crypto and AI “czar”: ex-PayPal COO David Sacks. Sacks, a member of the so-called “ PayPal Mafia,” is a co-founder of Yammer, the internal communications tool that Microsoft acquired for $1.2 billion in 2012. In an interview with CNBC in 2017, Sacks said he believed that cryptocurrencies like Bitcoin and Ethereum fulfill the “original vision” of PayPal: creating a “database of money” in which payments never leave the system.

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