Crypto’s winning week capped by David Sacks’s ascension to Trump White House
The appointment of David Sacks as Donald Trump’s new “AI and crypto czar” capped a week of wins for the crypto world, putting an advocate for looser regulation of digital assets inside the White House.
Trump made the announcement late Thursday, saying in a social media post that Sacks would “work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.”
Sacks, a longtime Silicon Valley investor who is close to billionaire Trump supporter Elon Musk, has made it clear what the cryptocurrency industry stands to receive with Trump in the White House.
“What the crypto industry has been asking for more than anything else is a clear legal framework to operate under,” Sacks posted on…
