Odaily Planet Daily News Recently, Trump appointed David Sacks as the 'AI and Crypto Czar' to lead a new advisory committee, drawing attention. Sacks is a venture capitalist, podcast host, and former PayPal executive. However, insiders from the transition team revealed that last week the position was downgraded from a leadership role to a general advisory role, partly because Sacks was unwilling to step away from his investment firm Craft Ventures and did not want to go through the formal appointment process. In the future, Michael Kratsios will lead technology policy work, with Sacks providing policy ideas. Despite the change in position, Sacks remains influential, frequently active in Florida and San Francisco, and has met with lawmakers. His appointment has raised concerns about conflicts of interest, but some in Silicon Valley are optimistic, believing it could benefit startups, while others question his expertise and worry about the direction of policy. (Fortune)

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