Global Stock News

Trump appoints former PayPal exec David Sacks as AI and crypto czar

Trump appoints former PayPal exec David Sacks as AI and crypto czar

  • 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
Dec 5 (Reuters) – U.S. President-elect Donald Trump on Thursday said he was appointing former PayPal (PYPL.O), opens new tab 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…

Source link

Share this article

Scroll to Top