Former PayPal exec gets top crypto job in Trump's next White House team
Trump picked **David Sacks** as his future White House crypto advisor right after bitcoin hit 100k. The ex-PayPal leader will shape new digital-currency rules with a business-friendly approach
Donald Trump picked former PayPal exec David Sacks as White House AI & Crypto Czar on Dec 5th‚ showing his new pro-crypto direction
The south african-born Sacks‚ whos now 52‚ brings his tech-savvy background to shape future digital-currency policies; his appointment came right after bitcoin crossed the 100k mark (which many see as a game-changing moment)
Trump wants to make US the crypto hub of the world — quite a turn-around from his earlier views: he now talks about building a national bitcoin reserve. The ex-president is putting together a tech-forward team including Teslaʼs Elon Musk‚ whoʼll co-lead the new dept of govt efficiency nicknamed DOGE
It feels like we are witnessing the birth of a new kind of web Some people have called it the decentralized web or the internet of money
The PayPal mafia member (a group that includes Peter Thiel and Musk) will likely push for business-friendly rules. Industry experts think hell focus on:
- AI use-case regulation instead of model development rules
- Clear legal framework for crypto companies
- Light-touch oversight with basic safeguards
Silicon Valley showed quick support for the pick: OpenAIʼs Sam Altman and investor Elad Gil posted positive reactions on X‚ while crypto investors see it as a bull signal for digital assets
