David Sacks appointed as White House AI and crypto czar under Trump

David Sacks, a former PayPal executive, has been appointed by President-elect Donald Trump as the White House AI & Crypto Czar. This new role aims to enhance U.S. leadership in artificial intelligence and cryptocurrency. Sacks will lead a council of advisors to develop policies and a legal framework for the crypto industry, addressing regulatory clarity that has been lacking. His appointment is welcomed by the crypto community, contrasting with the previous administration's regulatory challenges. The crypto market has reacted positively, with Bitcoin surpassing $100,000 for the first time. Trump's administration has made several crypto-friendly commitments, and Sacks is seen as a key figure to help fulfill these promises.