Solana Bull David Sacks Named First Crypto Czar by Trump

US President-elect Donald Trump has appointed David Sacks as the White House’s first-ever cryptocurrency and artificial intelligence (AI) czar. The move, announced by Trump on December 5, marks a significant step in shaping national policy on emerging technologies.

David Sacks is a former chief operating officer of PayPal. The now-appointed “White House AI and Crypto Czar” is a major proponent of the cryptocurrency Solana (SOL), as well as a supporter of the crypto investment firm Multicoin Capital.

David Sacks is known in the industry for being a major Solana investor and, in addition, he stands out for his great interest in cryptocurrencies and AI, which is a strong point to be Trump's choice for the position.

In your anúncio Officially, the US president-elect stressed that Sacks will focus his work on making America the clear global leader in the areas of Artificial Intelligence and cryptocurrencies. The role was created by Trump to address the growing need for a US strategy related to both areas.

“I am pleased to announce that David O. Sacks will be the White House AI & Crypto Czar. In this important role, David will guide policy for the Administration on Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas. He will protect Free Speech online and move us away from Big Tech bias and censorship. He will work on a legal framework so that the Crypto industry has the clarity it has been asking for and can thrive in the United States. David will also lead the President’s Council of Advisors on Science and Technology,” Trump wrote.

It is worth remembering that, in October 2021, in an episode of the business and technology podcast All-In, on YouTube , Sacks revealed that he owned significant amounts of the Solana cryptocurrency.

At the time of publication, the price of Solana was listed at US$237,29, up 0.1% in the last 24 hours.