{"id":19256,"date":"2024-12-06T10:52:02","date_gmt":"2024-12-06T08:52:02","guid":{"rendered":"https:\/\/forklog.com\/en\/trump-nominates-david-sacks-as-crypto-czar\/"},"modified":"2024-12-06T10:52:02","modified_gmt":"2024-12-06T08:52:02","slug":"trump-nominates-david-sacks-as-crypto-czar","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/trump-nominates-david-sacks-as-crypto-czar\/","title":{"rendered":"Trump Nominates David Sacks as &#8216;Crypto Czar&#8217;"},"content":{"rendered":"<p>US President-elect Donald Trump has nominated David Sacks for the role of so-called &#8216;czar&#8217; in the fields of AI and digital assets.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Post-Truth-Social-Opera.webp\" alt=\"Post-Truth-Social-Opera\" class=\"wp-image-246954\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/113603133222686186\">Truth Social<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;In this important role, David will lead the administration&#8217;s policy on artificial intelligence and cryptocurrencies, two areas crucial for America&#8217;s future competitiveness,&#8221; the politician stated.<\/p>\n<\/blockquote>\n<p>One of Sacks&#8217;s tasks will be to work on the regulatory framework for the digital assets industry. He will also head the President&#8217;s Council of Advisors on Science and Technology.<\/p>\n<p>The nominee is a co-founder and general partner of the venture firm Craft Ventures. Its portfolio includes BitGo, Bitwise, and Lightning Labs. In March 2018, he <a href=\"https:\/\/multicoin.capital\/2018\/03\/12\/why-we-invested-in-multicoin\/\">joined<\/a> the board of directors of MultiCoin Capital, a well-known investor in the crypto space. <\/p>\n<p>Sacks was the COO of PayPal, where he worked alongside Peter Thiel and Elon Musk. <\/p>\n<p>He is part of the &#8216;PayPal Mafia&#8217;\u2014an informal group of former employees and founders of the payment firm who later became founders and owners of several well-known companies, including Tesla Motors, LinkedIn, Palantir, SpaceX, YouTube, and Yelp. Sacks founded Geni and Yammer.<\/p>\n<p>In late November, it became known that Trump&#8217;s team is considering creating a dedicated position in the administration focused on cryptocurrencies. <\/p>\n<p>US presidents appoint so-called &#8216;czars&#8217; to address high-priority issues. For Trump, digital assets are one of them, confirmed one of the candidates for this role, former <span data-descr=\"US Commodity Futures Trading Commission\" class=\"old_tooltip\">CFTC<\/span> head Christopher Giancarlo. <\/p>\n<p>Earlier, the community included him among the contenders for the position of chairman of the <span data-descr=\"US Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> to replace the outgoing Gary Gensler.<\/p>\n<p>The president ultimately chose former commissioner Paul Atkins for the role.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US President-elect Donald Trump has nominated David Sacks for the role of so-called &#8216;czar&#8217; in the fields of AI and digital assets. Source: Truth Social. &#8220;In this important role, David will lead the administration&#8217;s policy on artificial intelligence and cryptocurrencies, two areas crucial for America&#8217;s future competitiveness,&#8221; the politician stated. One of Sacks&#8217;s tasks will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[991,36,26],"class_list":["post-19256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-donald-trump","tag-regulation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"38","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=19256"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/19255"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=19256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=19256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=19256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}