Donald Trump continues to form his administration. After the controversial nomination of Elon Musk and Jared Isaacman, the president-elect has just named David Sacks as “ White House AI and cryptocurrency czar ».
Member of the “ mafia Paypal »
« David will work to make America the undisputed world leader in both areas. It will preserve free speech online and move us away from bias and censorship from big tech companies “, wrote the Republican in a publication on his social network Truth Social.
This appointment confirms the approach adopted by Donald Trump, who seems determined to reward Silicon Valley personalities who supported his campaign. This is a real about-face for David Sacks, who strongly criticized the president in 2021, during the storming of the Capitol by his supporters. But he has since changed his tune, notably by defending increasingly conservative ideas in his podcast dedicated to All-In technology, which is widely followed across the Atlantic.
Sacks is considered a member of the “ mafia PayPal », which brings together former employees and executives of the company, including Peter Thiel and Elon Musk. Aged 52, he is the co-founder of the venture capital firm Craft Ventures.
Total deregulation
The arrival of David Sacks to this position demonstrates Donald Trump’s ambition to completely deregulate the cryptocurrency sector. The entrepreneur will thus be responsible for “ working on a legal framework so that the cryptocurrency industry has the clarity it demands and can thrive in the United States “, indicated the president-elect. The latter has the ambition to constitute a strategic reserve of Bitcoin, and to make the United States the world capital of mining.
On the level of artificial intelligence, the Trump administration has committed to rescinding President Biden’s executive order, aimed at promoting the safe and secure development of the technology. Sacks’ approach should be very flexible, with a focus on regulating the use of AI in certain critical applications, rather than governing the development of the models themselves.
Conflicts of interest
Just like Elon Musk at the Department of Government Efficiency (DOGE), Sacks will become a “ special government employee » and may serve a maximum of 130 days per year, with or without remuneration. Concretely, he will not be subject to hearings or financial reporting obligations, and will not exercise the direct power conferred by more official functions.
Despite this little scheme, questions of conflicts of interest will inevitably arise. David Sacks launched Glue this year, an alternative to Slack powered entirely by artificial intelligence. His decisions could have a direct impact on the company.
- David Sacks has just been named “ White House AI and cryptocurrency czar » par Donald Trump.
- Co-founder of Paypal and close to Elon Musk, he is an influential person in Silicon Valley.
- He should carry Donald Trump’s deregulation policy towards new technologies.
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