Trump Names David Sacks as White House AI and Crypto Czar (2)

December 6, 2024, 11:54 AM UTC

Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect’s intent to boost two rapidly developing industries.

“David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas,” Trump said Thursday in a post on his Truth Social network.

Trump said that Sacks would also lead the Presidential Council of Advisors for Science and Technology.

WATCH: Bloomberg’s Hadriana Lowenkron discusses Donald Trump picking David Sacks to serve as his artificial intelligence and crypto czar. Source: Bloomberg

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.