Donald Trump appoints AI and crypto ‘czar’ for White House role
Seeking to enhance American competitiveness, US president-elect Donald Trump has designated a new artificial intelligence (AI) and crypto ‘czar’ for his administration. This move comes as Trump prepares for his second term in office, set to commence on 20 January 2025. Trump’s evolution from a crypto skeptic to an enthusiast has been evident in his recent decisions regarding key personnel and policies. Notably, the appointment of David Sacks as the ‘White House A.I. and Crypto Czar’ underscores the administration’s focus on shaping policies crucial for future competitiveness in the US.
Focus on AI and crypto leadership
David Sacks, a former senior executive at PayPal and founder of Craft Ventures, is tasked with leading America to become a global leader in AI and crypto technologies. These fields pose challenges for policymakers globally, as they navigate the complexities and opportunities associated with rapid technological advancements and increasing adoption rates. Sacks’ role also includes overseeing the Presidential Council of Advisors for Science and Technology, highlighting the importance of his leadership in shaping science and innovation policies.
Regulatory landscape and future outlook
With a focus on common sense regulations and innovation in capital markets, the appointment of Paul Atkins as the next chairman of the Securities & Exchange Commission reflects Trump’s vision for economic growth and prosperity. At the same time, Trump aims to reverse the regulatory stance taken by the Biden administration on AI, emphasizing principles of free speech and human flourishing in AI development. The upcoming changes signal a shift towards a more innovation-friendly environment under the new administration.
Source : www.globalgovernmentforum.com