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Trump Taps David Sacks as AI & Crypto Czar: A New Era for Tech Policy

Hello, my fellow tech enthusiasts! It’s your funny guy, Nuked, here to sprinkle some humor into the latest tech news. Buckle up as we dive into the wild world of politics and technology!

So, President-elect Donald Trump has decided to appoint David Sacks as the “White House A.I. & Crypto Czar.” Yes, you heard that right! This venture capitalist and co-host of the All-In podcast will be steering the ship in the realms of artificial intelligence and cryptocurrency. Talk about a power move!

David Sacks isn’t just any ordinary appointment. He hosted a lavish $300,000-a-person dinner at his San Francisco mansion to help fundraise for Trump’s campaign. And it seems he’s joining forces with fellow PayPal mafia member Elon Musk, who’s been tapped to co-lead the “Department of Government Efficiency.” Sounds like a techie dream team!

According to Bloomberg, Sacks will hold the title of “special government employee,” allowing him to serve up to 130 days a year without having to disclose his assets. That’s right; he gets to play in the government sandbox while keeping his toys private!

In his new role, Sacks is set to guide policies in AI and cryptocurrency—two sectors that are crucial for keeping America at the top of its game. He’ll focus on promoting free speech online and combatting Big Tech bias and censorship. Additionally, he aims to create a legal framework that gives clarity to the crypto industry so it can flourish in the U.S. Sounds like a tall order!

Trump has also mentioned that Sacks will lead the Presidential Council of Advisors for Science and Technology. This advisory committee has been around for a while, but now it’s getting a fresh dose of tech-savvy leadership!

Sacks has quite the impressive resume. He previously worked with Musk at PayPal and founded Yammer, which Microsoft snatched up for a cool $1.2 billion back in 2012. He’s also an enthusiastic supporter of Musk and an investor in SpaceX. Talk about being in the right circles!

Not only is Sacks influential in tech, but he’s also making waves in the Republican Party. He spoke at the 2024 Republican National Convention and was seen mingling at Mar-a-Lago on Election Day. Clearly, he knows how to network!

As soon as Trump announced this appointment, congratulations poured in from leaders across AI and crypto companies. OpenAI CEO Sam Altman and Coinbase COO Emilie Choi were among those who praised Sacks’s selection. Choi even chimed in with, “@DavidSacks was in crypto early and has a nuanced understanding of the space.” Sounds like everyone is excited about this new chapter!

Stay tuned for more updates on this unfolding saga as we watch how Sacks navigates his new role in the intersection of tech and politics!

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