Trump’s AI, Crypto Czar Faces ‘Tough Job’ to Promote Industries

December 10, 2024, 6:30 PM UTC

President-elect Donald Trump’s incoming artificial intelligence and cryptocurrency czar, venture capitalist David Sacks, is seen as a win for tech entrepreneurs, investors, and enthusiasts—if the Washington outsider can successfully use the role to promote the industries.

The newly established position and Sacks’ appointment reflects the Trump administration’s ambitions to bolster the AI and crypto worlds. Trump has criticized President Joe Biden’s approach to the emerging sectors as too heavy-handed and advocated instead for a light regulatory touch.

Republican Attack on Biden AI Policy Fuels Urgency on Guardrails

But as a chief White House adviser, Sacks has no legal authority. His ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.