Donald Trump

Artificial Intelligence

Bitcoin

<p>As Bitcoin soared past the <a href="https://coinpedia.org/news/bitcoin-price-breaks-historic-100k-mark-surges-beyond-101k/" target="_blank" rel="noreferrer noopener">$100,000 milestone</a>, Donald Trump made a significant announcement, appointing David Sacks, a prominent tech entrepreneur and former COO of PayPal, as his White House Artificial Intelligence (AI) and Cryptocurrency Czar. </p>   
<p>This move comes right after Trump tapped <a href="https://coinpedia.org/news/president-elect-trump-officially-nominates-paul-atkins-as-the-next-sec-chair/" target="_blank" rel="noreferrer noopener">Paul Atkins,</a> a well-known cryptocurrency advocate, to lead the SEC, signaling major shifts in tech and crypto policy.</p>   
<h2 class="wp-block-heading" id="h-crypto-makes-a-comeback">Crypto Makes a Comeback </h2>   
<p>The crypto sector, which faced years of setbacks due to strict SEC regulations, may finally be turning a corner. These rules not only hindered trading for Americans but also discouraged large corporations from entering the crypto space. Now, post-election optimism is fueling a wave of interest in Bitcoin and blockchain from industries like AI, healthcare, automobiles, and technology.</p>   
<p>Bitcoin reached an all-time high of $103,679 on December 5, 2024, a monumental leap from its 2013 low of $67.81. Though its price has since <a href="https://coinpedia.org/news/why-bitcoin-price-dropped-below-100k/" target="_blank" rel="noreferrer noopener">dipped slightly to $97,341</a>, the cryptocurrency's incredible 143,450% growth highlights its resilience and long-term appeal in the financial market.</p>   
<h2 class="wp-block-heading" id="h-why-david-sacks"><strong>Why David Sacks?</strong></h2>   
<p>Trump’s choice of David Sacks is a strategic one. Sacks has an impressive background, having co-founded Yammer, which was sold to Microsoft for over $1 billion, and investing in top companies like Facebook, SpaceX, Airbnb, and Palantir through his venture fund, Craft Ventures.</p>   
<p>In his new role as AI and Cryptocurrency Czar, Sacks will focus on shaping U.S. policy in these fast-evolving sectors. Trump emphasized that Sacks will work to establish the U.S. as a leader in AI and crypto innovation while ensuring free speech is protected from what Trump referred to as “Big Tech bias and censorship.”</p>   
<h2 class="wp-block-heading" id="h-clear-crypto-rules-on-the-way"><strong>Clear Crypto Rules on the Way</strong></h2>   
<p>One of Sacks’ primary tasks will be creating a clear and consistent legal framework for the cryptocurrency industry. This is a long-awaited step for crypto companies that have struggled with regulatory uncertainty. Trump highlighted that these efforts aim to help the U.S. crypto market grow and compete globally. </p>   
<p>Additionally, Sacks will chair the Presidential Council of Advisors for Science and Technology, driving advancements in AI and other cutting-edge technologies.</p>   [post_titles_links postid="389839"]   
<h2 class="wp-block-heading" id="h-industry-cheers-for-sacks"><strong>Industry Cheers for Sacks</strong></h2>   
<p>The tech and crypto community is excited about this move. Chris Pavlovski, CEO of Rumble, <a href="https://x.com/chrispavlovski/status/1864849072630190208" target="_blank" rel="noreferrer noopener nofollow">called </a>it a win for free speech and praised Sacks’ expertise. Dennis Porter, a crypto advocate, <a href="https://x.com/Dennis_Porter_/status/1864843780022768040" target="_blank" rel="noreferrer noopener nofollow">said </a>Sacks’ industry knowledge and bold approach make him the perfect fit for this role.</p>   
<p>Ripple CEO Brad Garlinghouse <a href="https://x.com/bgarlinghouse/status/1864851554374656005" target="_blank" rel="noreferrer noopener nofollow">congratulated </a>David Sacks on his appointment as the White House AI and Crypto Czar, praising his deep understanding of technology and his alignment with pro-innovation policies for crypto and AI under President Trump. Garlinghouse called this a “dream team,” reflecting high optimism for Sacks’ role in advancing tech innovation in the U.S.</p>   
<p><strong>Good times are coming for crypto! </strong></p>

Trump Names David Sacks to Lead AI and Crypto Policy: Is This a Good Move?

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