President-elect Donald Trump has appointed David O. Sacks, former PayPal executive turned venture capitalist, as his top adviser on artificial intelligence (AI) and cryptocurrency. The move signals Trump’s focus on positioning the U.S. as a leader in emerging technologies.

Driving AI and Crypto Growth

On Truth Social, Trump announced Sacks’ role as the “White House A.I. & Crypto Czar.” Sacks will work on creating a legal framework to provide clarity for the crypto industry and foster its growth in the U.S. He will also focus on safeguarding online speech and addressing Big Tech biases.

Rewarding Support

Sacks’ appointment comes after he hosted a fundraiser that raised $12 million for Trump’s campaign. Known for his role in founding Yammer and leading venture capital firm Craft Ventures, Sacks brings extensive experience in technology and business.

Strengthening the Pro-Crypto Agenda

Trump’s goal of making the U.S. the “world capital of crypto” has earned significant support from industry leaders. Sacks’ appointment is the latest in a series of pro-crypto moves aimed at fostering innovation and addressing regulatory challenges.