Donald Trump, the 47th President-elect of the United States, has appointed David O. Sacks as the "White House A.I. & Crypto Czar." Sacks will be responsible for shaping U.S. policy on artificial intelligence and cryptocurrency. His role will include driving innovation, ensuring regulatory clarity for cryptocurrencies, and advocating for free speech in the face of perceived bias from major technology companies.
"I am pleased to announce that David O. Sacks will be the 'White House A.I. & Crypto Czar," said Trump. "David will focus on making America the clear global leader in both areas. He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S. He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship."
According to a report cited by the Associated Press, the United States is a global leader in artificial intelligence innovation, with private AI investment reaching $67.2 billion last year. This figure significantly surpasses China's investment of $7.8 billion.
Donald Trump's Truth post on his Crypto Czar Nominee
| https://truthsocial.com/@realDonaldTrump/posts/113603133222686186
The Financial Times reports that institutional interest in cryptocurrency has increased significantly, with substantial investments flowing into Bitcoin exchange-traded funds (ETFs), including BlackRock’s $45 billion asset fund.
A report from The Verge suggests that by 2026, electricity consumption from data centers—utilized for both cryptocurrencies and artificial intelligence—could rise to as much as 1,050 terawatt-hours, contingent on the pace of technological adoption.
Donald Trump is a businessman and media personality who previously served as the 45th U.S. president and is set to begin his second term as the 47th president in 2025. He led the Trump Organization with a focus on luxury real estate and was born on June 14, 1946, in Queens, New York.
David O. Sacks was born on May 25, 1972, in Cape Town, South Africa. He is recognized as a tech entrepreneur and investor and is known for co-founding Craft Ventures and serving as the former Chief Operating Officer of PayPal.
