AIencryption The Tsar has been selected! Who is David Sacks nominated by Trump? Legendary experience exposed

Trump vigorously promotes strategic reform of the cryptocurrency and artificial intelligence industries

US President-elect Trump announced on Thursday on the social platform Truth Social that he has nominated David Sacks as the White House Artificial Intelligence and Cryptocurrency Policy Advisor, informally known as the 'encryption czar'. Trump emphasized that Sacks will guide policies in the two key industries of artificial intelligence and cryptocurrency, which are crucial to America's global competitiveness. In an official statement, Trump made it clear that 'David will focus on making America the clear global leader in these two industries.'

Image source: Truth Social Trump nominated David Sacks as the White House's artificial intelligence and cryptocurrency policy advisor

This appointment highlights the strategic layout of the Trump team in the technology industry, especially in the rapidly developing high-tech industries of cryptocurrency and artificial intelligence. Trump believes that these two technologies will shape the future global competitive landscape, so a leader with rich experience and deep understanding of the industry is needed to formulate forward-looking policies.

The Silicon Valley Legend of Sacks and His Influence on the Tech Industry

David Sacks is a well-known technology entrepreneur in Silicon Valley, who was the former COO of PayPal and a member of the so-called 'PayPal Mafia'. This group includes tech industry elites such as Elon Musk and Peter Thiel, who have had a groundbreaking influence in the digital payment and tech innovation industry. In addition to his brilliant experience at PayPal, Sacks also founded the social platform Yammer, which was successfully sold to Microsoft for 120 million dollars in 2012.

Currently, Sacks is the founding partner of the venture capital firm Craft Ventures, with a portfolio that includes multiple encryption and technology companies. He is also a co-host of the popular technology podcast 'All In' and has a wide range of influence and discourse in the technology industry. Trump's nomination clearly values Sacks' extensive experience and forward-looking vision in the technology industry.

Image source: CNBC David Sacks

encryption and a major shift in artificial intelligence policy

This appointment reflects Trump's campaign promise to make the United States a global leader in Crypto Assets and artificial intelligence. Sacks will lead the Technology and Science Advisory Committee and is committed to establishing a clear legal framework for the encryption industry. Trump said that Sacks' responsibilities not only include policy-making, but also 'protecting online free speech, staying away from the bias and censorship of big tech companies'.

It is worth noting that Sacks will push the encryption industry towards regulation and provide new policy directions for the development of artificial intelligence technology. This appointment has received support from many leaders in the technology industry, including Musk. In addition, Sacks plans to cooperate with several federal agencies, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), to establish a more favorable regulatory environment for encryption and artificial intelligence innovation.

This strategic appointment is not only a fulfillment of Trump's campaign promises, but also symbolizes the possibility of major adjustments in US technology policy. Sacks' joining is likely to bring a more relaxed and innovation-friendly policy environment for the cryptocurrency and artificial intelligence industries.

'AIencryption Tsar has been selected! Who is David Sacks, nominated by Trump? Legend revealed.' This article was first published in 'encryption city'.