Trump Appoints David Sacks as the New 'White House AI & Crypto Czar'—What It Means for the Future of Tech and Digital Assets
President-elect Trump has named venture capitalist David Sacks as the new White House AI & Crypto Czar to steer U.S. policy on artificial intelligence and cryptocurrencies.
NMNODE 69 Media
Published 14th Feb, 2025
In an exciting move for the future of tech and digital assets, President-elect Donald Trump has just appointed venture capitalist David Sacks to a newly created role—the “White House A.I. & Crypto Czar.” This comes on the heels of his announcement for a new SEC chairman in January, signaling a major shift in how the U.S. will approach artificial intelligence (AI) and cryptocurrency regulation.
A Major Step Forward in Tech and Crypto Policy
On Thursday, Trump took to his Truth Social platform to share the big news: David O. Sacks, co-founder of Craft Ventures LLC, is set to lead the charge in AI and crypto policy. With his new role, Sacks will be responsible for steering U.S. tech policy into the future, aiming to safeguard free speech online while fighting back against what Trump calls Big Tech’s bias and censorship.
But it’s not all about fighting tech giants—Sacks will also focus on crafting clear and workable regulations for the crypto industry, something that’s long been demanded by those working in digital assets. As Trump put it, Sacks will help provide the “clarity” the industry needs to thrive in the U.S. He will also take on a leadership role in the Presidential Council of Advisors for Science and Technology, further strengthening his influence over the future of technology in America.
Shifting Trump’s Stance on Crypto.
This move signals a notable shift in Trump’s approach to cryptocurrencies. In his first term, he famously called Bitcoin "highly volatile" and described it as being based on “thin air.” However, his 2024 campaign has adopted a more crypto-friendly stance, promising clearer regulations for the digital asset sector. This new appointment reinforces his commitment to supporting innovation in the space, particularly as it’s becoming more and more important to America’s competitiveness on the global stage.
David Sacks, a well-known figure in Silicon Valley and a strong Trump supporter, has been deeply involved in bridging the gap between the tech world and Trump’s policies. He hosted a major fundraising event for Trump in San Francisco earlier this year and maintains close ties with Vice President-elect JD Vance. Together, they share a vision for growing American technology while pushing back against regulatory overreach.
What Does This Mean for the Future of Crypto and AI?
Sacks’ new role won’t just be about drawing lines on a regulatory map—it’s about setting a framework for future innovation. As the White House’s new technology czar, he will be in a position to communicate directly with federal regulators, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), to ensure that AI and crypto industries have the right regulations to thrive.
The appointment also signals a shift toward addressing growing concerns around the safety and ethical use of AI. With regulatory guardrails for AI also in the conversation, the move places the U.S. at the forefront of establishing clear guidelines for the responsible development and deployment of these groundbreaking technologies.
Conclusion: A New Era for Tech in America
David Sacks’ appointment as the White House AI & Crypto Czar marks a major turning point for both artificial intelligence and cryptocurrency in America. With a focus on creating clearer regulations and fostering innovation, Sacks is set to play a pivotal role in shaping the future of these critical industries. As the crypto world continues to call for clarity, and AI advances at a rapid pace, this new position is bound to have a significant impact on how the U.S. handles its digital future.
For tech enthusiasts, crypto supporters, and anyone curious about the future of innovation, this is a development to watch closely. The future of American technology just got a lot more exciting.