Former PayPal COO David Sacks Appointed as US AI, Crypto Czar | CPT PPP Coverage
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Former PayPal COO David Sacks Appointed as US AI, Crypto Czar appeared on analyticsindiamag.com by Aditi Suresh.
David Sacks, venture capitalist and former PayPal COO, has been appointed the United States’ first Artificial Intelligence and Crypto Czar. Sacks is expected to work closely with Elon Musk, who will head the Department of Government Efficiency (DOGE) in Trump’s administration.
President-Elect Donald Trump announced the role, stating that Sacks will help establish a legal framework for the cryptocurrency industry and ensure the country remains a leader in AI and crypto.
“I am pleased to announce that David O. Sacks will be the ‘White House A.I. & Crypto Czar.’ In this important role, David will guide policy for the Administration in Artificial Intelligence and cryptocurrency, two areas critical to the future of American competitiveness,” said Trump on Truth Social.
Many in the tech and VC community took to X to congratulate Sacks on his new post, including OpenAI chief Sam Altman, VP elect JD Vance, Replit CEO Amjad Masad, and Sequoia partner Shaun Maguire, among others.
Sacks co-hosts the All-In podcast with investors Jason and Chamath Palihapitiya, who both congratulated him on his win.
“He (David Sacks) will make sure the US stays at the forefront of AI and Crypto – two of the most consequential technological movements in history. Make America Great Again,” wrote Palihapitiya on X.
Sacks, 52, is the founder of venture capital firm Craft Ventures and was involved in the development of PayPal. He also founded Yammer and led Zenefits. His appointment does not require asset disclosure or divestment, and he will serve as a special government employee, working up to 130 days per year.
The AI and Crypto Czar will act as a liaison between the crypto industry, Congress, and federal agencies such as the SEC and CFTC. The position will provide regulatory clarity for the growing crypto sector and guide policy for AI adoption, including its implications for national security, privacy, and jobs.
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