David Sacks Appointed as Trump's Crypto and AI Czar Amid Industry Buzz

David Sacks, a venture capitalist and former PayPal executive, has been appointed by President-elect Donald Trump as the White House AI & Crypto Czar, a role aimed at positioning the U.S. as a leader in these fields. The crypto industry has welcomed the appointment, seeing it as a positive shift from the previous administration's regulatory challenges. Sacks will lead a council to develop policies and a legal framework for crypto businesses, working with agencies like the SEC and CFTC. His appointment is seen as aligning with Trump's crypto-friendly campaign promises.