- New role will help reshape U.S. policy on digital currency
- Early evangelist for cryptocurrency
- Move comes after bitcoin soared above $100,000 for first time
Trump appoints former PayPal exec David Sacks as AI and crypto czar
Dec 5 (Reuters) – U.S. President-elect Donald Trump on Thursday said he was appointing former PayPal (PYPL.O) Chief Operating Officer David Sacks as his “White House A.I. & Crypto Czar,” another step towards overhauling U.S. policy.
“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.,” Trump said in a post on his social-media site Truth Social, without saying whether “czar” was an official title.
The crypto czar and other officials in Trump’s incoming administration such as the chairs of the…
