CoinVoice has recently learned that Trump has appointed David Sacks as the 'AI and Crypto Czar' to lead a new advisory committee, attracting 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 position, partly because Sacks was unwilling to separate from the investment firm Craft Ventures and did not want to go through formal appointment processes.
In the future, Michael Kratsios will lead the technology policy work, with Sacks providing policy ideas. Despite the change in position, Sacks remains influential, frequently 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 assist startups, though others question his expertise and worry about the direction of the policy. [Original link]