PYMNTS.com December 8, 2024
America’s incoming cryptocurrency/AI czar has a resume long on regulatory skepticism, short on industry expertise.
That’s according to a report Friday (Dec. 6) by Bloomberg News, looking into President-elect Donald Trump’s nomination of David Sacks to help shape the administration’s artificial intelligence (AI) and crypto policies.
Sacks, the report said, doesn’t have deep ties to either industry or a lengthy history of investments into them.
But for tech investors, Sacks brings something more important to the table: a technology-friendly attitude, and a long track record of doubts about government regulation, the report said.
“He will ensure the United States is at the cutting edge of innovation,” said Keith Rabois of Khosla Ventures, who argued Sacks will keep the U.S....
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