CoinVoice has recently learned that Trump appointed David Sacks as the 'AI and Crypto Czar' to lead a new advisory council, drawing attention. Sacks is a venture capitalist, podcaster, and former PayPal executive.
However, insiders from the transition team revealed that last week the position was reduced from a leadership role to a general advisory role, partly because Sacks is unwilling to leave the investment firm Craft Ventures and does not want to go through a formal appointment process.
In the future, Michael Kratsios will lead the technology policy work, with Sacks providing policy ideas. Despite the change in position, Sacks remains influential, often active in Florida and San Francisco, and meeting with lawmakers. His appointment has sparked controversy over conflicts of interest, but some in Silicon Valley are optimistic, believing it may help startups, although there are also doubts about his professionalism and concerns about policy direction. [Original link]
