Trump names ex-PayPal COO David Sacks as new AI & Crypto Czar, what will he do

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Trump names ex-PayPal COO David Sacks as new AI & Crypto Czar, what will he do

^{Published on 2024-12-05 23:32:18 - Firstpost}

Donald Trump has appointed former PayPal Chief Operating Officer David Sacks as his 'White House AI & Crypto Czar'. The post has been newly created. Read more to find out what David Sacks's role would

The article from Firstpost discusses former President Donald Trump's appointment of David Sacks, the ex-COO of PayPal, as the new AI and Crypto Czar. Sacks, known for his entrepreneurial ventures in Silicon Valley, is tasked with navigating the complex and rapidly evolving fields of artificial intelligence and cryptocurrency. His role involves advising on policy, regulation, and innovation in these sectors, aiming to foster growth while addressing security and ethical concerns. The appointment reflects Trump's interest in leveraging technology for economic advancement and maintaining U.S. competitiveness in global tech markets. Sacks' background in tech startups and his understanding of financial technology are expected to influence policy-making, potentially impacting how AI and cryptocurrencies are regulated and integrated into the American economy.

Read the Full Firstpost Article at:
[ https://www.firstpost.com/world/trump-names-ex-paypal-coo-david-sacks-as-new-ai-crypto-czar-what-will-he-do-13842121.html ]

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Trump names ex-PayPal COO David Sacks as new AI & Crypto Czar, what will he do