Trump strives to establish more crypto-friendly regulations during his administration by appointing a new crypto position in the White House; he has selected David Sacks for the role.

U.S. President-elect Donald Trump has revealed that venture capitalist David Sacks from Craft Ventures will serve as the White House’s AI and crypto czar. This newly created position aims to help position the U.S. as the leading crypto capital globally.

Sacks will oversee regulations pertaining to both artificial intelligence and cryptocurrency, in addition to developing legal frameworks for these sectors. Furthermore, he will lead the Presidential Council of Advisors on Science and Technology.

“I am thrilled to announce that David O. Sacks will hold the position of the White House A.I. & Crypto Czar.” In this crucial role, David will shape policy for the Administration in Artificial Intelligence and Cryptocurrency, which are vital to the future of American competitiveness,”

Trump stated in his Truth Social post on December 6

This position aims to enhance advocacy for crypto, aligning with the president’s strategies. Sacks will act as a liaison between Trump, Congress, and relevant crypto agencies, such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

David Sacks backs Trump’s campaign

As reported by Bloomberg, Sacks plays a vital role in enhancing campaign funding within the tech industry, given his background as a venture capitalist in San Francisco. He also maintains a close relationship with Vice President-elect JD Vence.

In his new role, Sacks will collaborate closely with Elon Musk, the Director of the Department of Government of Efficiency (D.O.G.E). Like Elon, Sacks, as a special government employee, is not required to publicly disclose his assets and can serve for up to 130 days each year.