📢 Trump Appoints 'AI and Crypto Czar' with Close Ties to Musk

US presidential candidate Trump announced the appointment of David O. Sacks, a venture capitalist at Carft Ventures, as the 'White House Artificial Intelligence (AI) and Crypto Czar'. This position aims to accelerate the development of the AI and cryptocurrency industries and provide a legal framework to promote the prosperity of the crypto industry in the United States.

Trump stated that Sacks will be responsible for guiding government policy on AI and cryptocurrency, positioning the US as a global leader in these two fields. Sacks will also lead the President's Council of Advisors on Science and Technology.

Bitcoin's price surged past $100,000 on December 5 but briefly fell about 7%; it has since rebounded to $98,431.86. This volatility was influenced by news of Trump's nomination of the crypto-friendly CEO of Patomak Global Partners, Paul Atkins, as the chairman of the SEC.

Sacks will assist Trump in fulfilling his campaign promise to ease regulations on the cryptocurrency industry and will leave a political legacy in the AI field. He will work closely with the world's richest person, Musk, to promote the development of AI and cryptocurrency.