US President-elect Donald Trump on Thursday nominated former PayPal Chief Operating Officer David Sacks as the “AI and crypto czar” in the White House. “He will work to create a legal framework so that the crypto industry can have the clarity it wants and thrive in the United States,” Trump said.
Trump had already campaigned for the crypto industry during the election campaign. He promised, among other things, to make the US the “crypto capital of the planet” and create a national Bitcoin inventory.
Sacks is considered a confidant of tech billionaire Elon Musk. “David Sacks was a wildly successful entrepreneur and investor for 25 years, founding and financing some of Silicon Valley’s largest iconic companies,” Trump wrote in a post on his own social media site Truth Social.
During the early days of the now world-famous American payment service provider PayPal, Sacks was senior managing director. He later founded the software company Yammer – which programmed a kind of internal Facebook for companies – and sold it to industry giant Microsoft in 2012 for $1.2 billion. He also recently co-hosted a tech podcast.
Perdue becomes US ambassador to China
Trump also announced other personnel decisions. The most important, given the trade conflict with China: David Perdue. Trump wants to make the Republican the new US ambassador to China. The 74-year-old represented the state of Georgia in the US Senate from 2015 to 2021. Before his political career, he held several corporate leadership positions, including CEO of department store chain Dollar General and sporting goods manufacturer Reebok.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
