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The Crypto Industry Hails David Sacks, Its New ‘Czar’

David Sacks, a member of the infamous “PayPal Mafia,” will lead a group of advisors tasked with steering AI and crypto policy under the Trump administration.

US President-elect Donald Trump has appointed venture capitalist and former PayPal executive David Sacks as “White House AI & Crypto Czar,” a newly-created role meant to establish the country as the global leader in both fields. Given his purview as a venture capitalist, he’s seen a lot of the innovation in crypto and AI that has been stunted in growth due to various political or regulatory issues the past few years,” says Ron Hammond, director of government relations at the Blockchain Association. Attendees reportedly included vice president-elect JD Vance—who has previously described Sacks as “one of my closest friends in the tech world”—and Cameron and Tyler Winklevoss, cofounders of crypto exchange Gemini.

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