TechFlow news — On December 6, Trump announced the appointment of prominent Silicon Valley investor David Sacks as White House Director of Artificial Intelligence and Cryptocurrency. He posted on the social media platform Truth Social: “I am pleased to announce that David O. Sacks will serve as the 'White House AI and Cryptocurrency Director.' In this critical role, David will guide government policy in artificial intelligence and cryptocurrency—two areas vital to America’s future competitiveness. David will work to make the United States the clear global leader in both fields. He will protect online free speech and free us from the bias and censorship of Big Tech. He will work to establish a legal framework that provides the clarity the cryptocurrency industry has long sought, enabling it to thrive in the United States. David will also lead the President’s Council of Advisors on Science and Technology.”
“David Sacks has been an exceptionally successful entrepreneur and investor over the past 25 years, investing in and building some of Silicon Valley’s most iconic companies. He was COO during PayPal’s founding era and is one of the legendary ‘PayPal Mafia.’ Later, David founded the enterprise software company Yammer, which Microsoft acquired for $1.2 billion. Subsequently, he founded Craft Ventures, a San Francisco-based venture capital firm. David is also co-host of the top-tier tech podcast All-In Podcast, where he and his friends discuss economics, politics, and societal issues.
David possesses the knowledge, business experience, wisdom, and pragmatism needed to make America great again in these two critical technologies. Congratulations to David!”
