Who Is David Sacks? Trump Picks Venture Capitalist and Former PayPal COO as AI and Crypto Czar [Video]

US President-elect Donald Trump announced on Thursday the appointment of David Sacks, former Chief Operating Officer of PayPal as his “White House A.I. & Crypto Czar,” marks another major move in reshaping U.S. policies in these areas. Trump said that Sacks would oversee the administration’s strategies for artificial intelligence and cryptocurrency.

Among his biggest responsibilities will be drafting a regulatory framework for the crypto sector and heading a presidential advisory council focused on science and technology. “David will focus on making America the clear global leader in both areas,” Trump wrote on social media. “He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.”

Trump’s Crypto Czar

The crypto czar, along with key members of Trump’s incoming administration, including the heads of the Securities and Exchange Commission and the Commodity Futures Trading Commission, are expected to transform U.S. digital currency policies. This effort will be supported by …