President-elect Donald Trump has appointed venture investor and podcaster David Sacks as the “White House A.I. & Crypto Czar,” indicating that his second administration will focus on the hot technology and cryptocurrencies.
Trump said on his Truth Social platform Thursday night that Sacks, the co-host of the popular “All-In” podcast, will “guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness.”
According to The New York Times, Sacks is a close friend of Trump ally and Tesla (TSLA) Chief Executive Officer (CEO) Elon Musk, and has been a proponent of looser regulation on both cryptocurrency and artificial intelligence (AI). The announcement came a day after bitcoin (BTCUSD) surpassed $100,000 on investor expectations of a friendlier White House regime toward crypto, and AI-focused stocks like chipmaker Nvidia (NVDA) have propelled this year’s record rally in U.S. markets.
“David will focus on …