President-elect Trump named former PayPal Chief Operating Officer David Sacks to be his White House artificial intelligence (AI) and cryptocurrency czar.
“In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness,” Trump said in his announcement Thursday evening.
“David will focus on making America the clear global leader in both areas,” he said.
TRUMP PICKS TWO LONGTIME ALLIS FOR KEY POSITIONS IN HIS SECOND ADMINISTRATION
David Sacks, former CEO of Yammer, speaks on stage during the Republican National Convention in Milwaukee, July 15. ( Ricky Carioti/The Washington Post via Getty Images)
Trump said that Sacks would also prioritize “safeguarding” free speech and away from “Big Tech bias and censorship.”
TRUMP NOMINATES PAUL ATKINS TO LEAD SECURITIES AND EXCHANGE COMMISSION
“He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship,” he said. “He will work on a legal framework, so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S. David will also lead the Presidential Council of Advisors for Science and Technology.”
President-elect Trump named former PayPal Chief Operating Officer David Sacks to be his White House artificial intelligence (AI) and cryptocurrency czar. (Getty Images)
Sacks, a former PayPal executive, has angel investments in several major firms, including Facebook, Uber, SpaceX, Airbnb and Palantir through his Craft Ventures fund.
CLICK HERE TO GET THE FOX NEWS APP
His enterprise software company, Yammer, was acquired by Microsoft for over $1 billion in 2012.
close Video Prosecution plays Karen Read's voicemails to John O'Keefe during trial Prosecutor Hank Brennan…
close Video State Department condemns Houthis as Israel strikes port city: 'We intend to stop…
close Video Airstrikes have been ‘relatively ineffective’ at stopping Houthis: Maj. Gen. Dana Pittard Ret.…
close Video Teen migrants attack NYPD officers in Times Square A group of young illegal…
close Video Cape Cod facilities for Martha's Vineyard migrants Migrants flown to Martha's Vineyard will…
close Video Authorities arrest suspect in beach town family hit-and-run A man accused of hitting…