US President-elect Donald Trump on Thursday, December 5, said he was appointing former PayPal Chief Operating Officer David Sacks to be his White House Artificial Intelligence and Crypto Czar.
“He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the US,” Trump said in a post on his social-media site Truth Social.
Trump — who once labeled crypto a scam — embraced digital assets during his campaign, promising to make the United States the “crypto capital of the planet” and to accumulate a national stockpile of bitcoin.
Bitcoin broke $100,000 for the first time on Wednesday night, a milestone hailed even by skeptics as a coming-of-age for digital assets as investors bet on a friendly US administration to cement the place of cryptocurrencies in financial markets.
Sacks is also a former chief executive of software company Zenefits and founded Yammer, a social network for enterprise users.
Trump said Sacks will also lead the Presidential Council of Advisors for Science and Technology. – Rappler.com
