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President-elect Donald Trump has announced David Sacks as the first-ever White House AI and Crypto Czar. Sacks will lead policy development for artificial intelligence and cryptocurrency under Trump’s new administration. Trump highlighted Sacks’ role in developing a legal framework for the cryptocurrency industry. He will also chair the President’s Council of Advisors on Science and Technology.The crypto czar is a key policy role focused on regulating and fostering innovation in the cryptocurrency sector. The position ensures the development of a clear legal framework for digital assets, addressing challenges like regulatory ambiguity and market stability. Also, it involves collaboration with financial institutions and tech leaders to position the U.S. as a global leader in crypto and blockchain innovation.David Sacks, a venture capitalist, has a strong background in technology. He co-founded PayPal and served as its COO, becoming part of the &#34;PayPal Mafia.&#34; He also founded Yammer, a company later acquired by Microsoft for $1.2 billion. Through his venture fund Craft Ventures, Sacks has invested in major companies like Facebook, SpaceX, and Airbnb.Sacks became a major Trump supporter after hosting a fundraiser in San Francisco this year. The event reportedly raised significant funds for Trump’s campaign. Sacks also played a key role in shaping Republican technology policies.<a href="https://cryptotale.org/what-is-crypto-czar-and-why-did-trump-pick-david-sacks/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

What is Crypto Czar and Why did Trump pick David Sacks?

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