President-elect Donald Trump has announced the selection of venture capitalist David Sacks, co-founder of Craft Ventures LLC, to fill the newly created role of Artificial Intelligence and Crypto Czar. This position signals Trump’s intent to prioritize these fast-growing sectors as part of his administration's vision for maintaining American technological and economic leadership.
“David will guide policy for Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness,” Trump wrote on his Truth Social network. “He will focus on making America the clear global leader in both areas.”
Policy Leadership and Advisory Roles
Sacks will also chair the Presidential Council of Advisors for Science and Technology, broadening his influence across multiple innovation domains. His responsibilities include crafting a regulatory framework for cryptocurrencies and shaping the federal government’s approach to AI.
On the crypto front, Sacks will work on delivering regulatory clarity to foster growth within the U.S. crypto industry—a key campaign promise from Trump. His role will serve as a bridge between the White House, Congress, and regulatory agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
In AI, Sacks will oversee policy development for managing opportunities and challenges, including national security, privacy, and workforce implications as the technology evolves.
A Prominent Silicon Valley Supporter
Sacks brings deep ties to Silicon Valley to Trump’s administration. A key supporter and fundraiser for Trump, Sacks hosted a high-profile event at his San Francisco home in June, rallying tech industry donors. He also maintains close connections with Vice President-elect JD Vance, a tech investor-turned-senator from Ohio.
Sacks’ appointment aligns Trump’s administration with major industry players, including Elon Musk, who has been a vocal supporter of the president-elect. Musk, the world’s richest person, is deeply involved in AI through his company xAI and his chatbot Grok, and he is expected to collaborate closely with Sacks on advancing AI initiatives.
Ethical and Legal Considerations
Sacks will serve as a special government employee, a designation that allows him to work up to 130 days per year without requiring asset divestiture or public financial disclosures. However, he will be subject to conflict-of-interest rules and must recuse himself from matters directly affecting his personal holdings.
The appointment reflects Trump’s broader push to support innovation while removing regulatory barriers, setting the stage for significant advancements in AI and crypto under his administration.
“David will guide policy for Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness,” Trump wrote on his Truth Social network. “He will focus on making America the clear global leader in both areas.”
Policy Leadership and Advisory Roles
Sacks will also chair the Presidential Council of Advisors for Science and Technology, broadening his influence across multiple innovation domains. His responsibilities include crafting a regulatory framework for cryptocurrencies and shaping the federal government’s approach to AI.
On the crypto front, Sacks will work on delivering regulatory clarity to foster growth within the U.S. crypto industry—a key campaign promise from Trump. His role will serve as a bridge between the White House, Congress, and regulatory agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
In AI, Sacks will oversee policy development for managing opportunities and challenges, including national security, privacy, and workforce implications as the technology evolves.
A Prominent Silicon Valley Supporter
Sacks brings deep ties to Silicon Valley to Trump’s administration. A key supporter and fundraiser for Trump, Sacks hosted a high-profile event at his San Francisco home in June, rallying tech industry donors. He also maintains close connections with Vice President-elect JD Vance, a tech investor-turned-senator from Ohio.
Sacks’ appointment aligns Trump’s administration with major industry players, including Elon Musk, who has been a vocal supporter of the president-elect. Musk, the world’s richest person, is deeply involved in AI through his company xAI and his chatbot Grok, and he is expected to collaborate closely with Sacks on advancing AI initiatives.
Ethical and Legal Considerations
Sacks will serve as a special government employee, a designation that allows him to work up to 130 days per year without requiring asset divestiture or public financial disclosures. However, he will be subject to conflict-of-interest rules and must recuse himself from matters directly affecting his personal holdings.
The appointment reflects Trump’s broader push to support innovation while removing regulatory barriers, setting the stage for significant advancements in AI and crypto under his administration.