Could the New ‘AI and Crypto Czar’ Expedite Innovation?
News that Donald Trump tapped David Sacks to serve as the "artificial intelligence (AI) and crypto czar” in his new administration triggered reactions across the media landscape.
“Donald Trump is going all in on Silicon Valley,” announced Politico. Reuters said the Sacks announcement was another sign that Trump intends to "overhaul U.S. policy.” The New York Times, meanwhile, said it “further cements the expectation that the Trump White House intends to take a lighter hand with the regulation of technology and in particular cryptocurrencies …”
A “lighter hand” is putting it mildly to those who remember the first Trump administration, which took a less-than-hospitable view of crypto. In 2020, Steve Mnuchin, Trump’s then-Treasury Secretary, likened cryptocurrencies to “old Swiss secret bank accounts,” labeling crypto a “national security issue” with ties to “billions of dollars of illicit activity such as cybercrime, tax evasion, illicit drugs and human trafficking.”
What a difference five years can make.
Not only is Sacks a well-known crypto proponent; but he is also a former PayPal and startup executive and founder of Craft Ventures, a prominent VC firm. Given this resume and his new “AI and crypto czar” title, it’s a safe bet that the second Trump administration plans to be far more crypto-friendly than the first, pushing for less regulation and more innovation.
⬇️ Read my full analysis here. ⬇️
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About Susan Lindeque
Susan is a visionary entrepreneur, futurist, and thought leader with over 35 years of experience in business, finance, investments, real estate, wealth creation, and technologies.
Her Massive Transformation Purpose is:
“Working to Inspire Abundance for Humanity & Invest in Exponential Technologies.”
She is the founder and CEO of Avestix, a global asset, investment, advisory, and technology company focusing on public securities, next-venture capital, commercial real estate, and alternative assets based on ESG principles.
Susan is passionate about nurturing innovation, transformation, and disruption in the new decentralized economy. She leverages her extensive network and deep industry expertise to select and empower exponential technologies that will disrupt, transform, and impact industries.
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