On December 21st, Trump recently appointed David Sacks, a venture capitalist, podcaster, and former PayPal executive, as the "AI and crypto czar" and led a new advisory board, attracting attention.
However, people inside the transition team said that last week the position was downsized from a leadership role to a general advisory role, in part because Sacks did not want to leave the investment firm Craft Ventures and did not want to go through the formal process. In the future, Michael Kratsios will lead the technology policy work, and Sacks will provide policy ideas. Despite the change of position, Sacks remains influential, often operating in Florida, San Francisco and meeting with lawmakers. His appointment has sparked conflicts of interest controversy, but some in Silicon Valley are optimistic that it may help start-ups, but others have doubts about his professionalism and worry about the direction of policy.
AI and crypto czar David Sacks transitions from a leadership role to a general advisor
2024-12-21 00:51:09
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