• About Us
  • Careers
  • Contact
No Result
View All Result
Thursday, August 7, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Crypto

Silicon Valley’s Crown Jewel: David Sacks Joins Trump Administration as Tech and Crypto “Czar”

16 December 2024
in Crypto, News
Reading Time: 3 mins read
101 8
Source: yahoo.com

Source: yahoo.com

In a move that underscores the growing influence of Silicon Valley in national policy, President-elect Donald Trump has appointed venture capitalist David Sacks as his artificial intelligence (AI) and cryptocurrency “czar,” along with naming him head of the President’s Council of Advisors on Science and Technology. This unprecedented decision has positioned the Bay Area tech ecosystem at the centre of Washington’s science and technology policy.

Sacks, a Stanford economics graduate and a key member of the so-called “PayPal Mafia,” brings a storied resume of entrepreneurial success and venture capital expertise to the administration. Known for co-founding Yammer (sold to Microsoft for $1.2 billion) and investing in high-profile firms like Uber, SpaceX, and Palantir through his Craft Ventures fund, Sacks embodies Silicon Valley’s ethos of disruptive innovation. However, his dual roles as a billionaire adviser and a stakeholder in the industries he will oversee raise ethical concerns. John Pelissero of the Markkula Center for Applied Ethics warns that potential conflicts of interest could jeopardize public trust, as Sacks’ portfolio directly intersects with his new government responsibilities.

Trump’s decision to tap Sacks follows the president-elect’s broader strategy of surrounding himself with prominent tech figures, including Tesla’s Elon Musk and venture capitalist Marc Andreessen. Their collective influence signals a shift toward deregulation and pro-business policies, particularly in emerging technologies. Critics, however, argue that this approach risks sidelining public accountability in favor of private profit.

AI and cryptocurrency are central to Sacks’ new remit. Since the debut of ChatGPT in 2022, AI has sparked a frenzy of innovation and investment, making it a linchpin of Silicon Valley’s economic future. Sacks has publicly dismissed fears of AI-driven job losses, framing the technology as a catalyst for economic expansion and productivity gains. Similarly, in the cryptocurrency space, Trump has promised regulatory clarity and a “strategic reserve” of Bitcoin, aligning with Sacks’ calls for an end to the “regulatory terror” under SEC Chair Gary Gensler.

Yet, Sacks’ close ties to the industries he champions invite scrutiny. His venture fund, which manages over $3.3 billion, boasts investments in AI-heavy startups like Musk’s XAI and military-linked firms such as Palantir. Critics fear that Sacks’ policies could disproportionately benefit his own interests while amplifying concerns about AI’s energy consumption, job displacement, and monopolistic practices in the tech sector.

Supporters like Stanford’s Shomit Ghose view Sacks’ appointment as a boon for innovation, predicting a hands-off regulatory approach that could accelerate advancements in AI and crypto. However, skeptics caution that the administration’s Silicon Valley-heavy leadership might erode safeguards against corporate overreach.

As Sacks takes the helm, his actions will shape not only the future of AI and cryptocurrency but also the balance between innovation and public interest in America’s rapidly evolving tech landscape.

 


If you want to read more articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: David SacksDonald TrumpPOTUSSilicon Valley
Share64Tweet40Share11
Samuel Adeneye

Samuel Adeneye

Sam is a Web3 product manager with a passion for cutting-edge technology and innovation. When I'm not busy with product management, I enjoy relaxing by playing or watching football.

Related Posts

USDC Dominates Crypto Payrolls as Blockchain Salaries Surge – Pantera Survey
Crypto

USDC Dominates Crypto Payrolls as Blockchain Salaries Surge – Pantera Survey

7 August 2025
TRON Hits 8.29M Weekly USDT Transfers, Cements Stablecoin Lead
Stablecoin

TRON Hits 8.29M Weekly USDT Transfers, Cements Stablecoin Lead

7 August 2025
MetaComp to Distribute Ripple’s RLUSD for Cross-Border Payments
Stablecoin

MetaComp to Distribute Ripple’s RLUSD for Cross-Border Payments

7 August 2025
Alkimi Partners with Sui to Bring Entire Ad Supply Chain Onchain
Blockchain

Alkimi Partners with Sui to Bring Entire Ad Supply Chain Onchain

7 August 2025

Editors Picks

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

byOlayinka Sodiq
6 July 2025
0

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

byOlajumoke Oyaleke
30 June 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

byOlajumoke Oyaleke
26 June 2025
0

Read More

Chain of Thoughts

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Markets Update

US Ether ETFs Turn One: What $16.6B in Assets and Bullish Inflows Signal for the Future

4 days ago

Is ETH Restaking Driving Efficiency or Introducing a Dangerous Complexity?

5 days ago

Your Weekend Crypto Roundup | August 2025 (Week 1)

6 days ago

Meta’s $72 Billion AI Investment: A Strategic Shift from the Metaverse to Artificial Intelligence

7 days ago

Is Web3 Finally Solving Its Risk Problem? A Market Review of DeFi Insurance Models

1 week ago

How Coinshift Is Progressing the Stablecoin Space

1 week ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Bybit’s Ben Zhou Charts Bold New Course to Rewrite Crypto Success at Mid-Year Keynote

bychainwire
6 August 2025
0

Flipster and Kaia Partner to Extend Stablecoin Access Across Asia

bychainwire
6 August 2025
0

Dreamcash Begins Rollout of Trading Platform with Hyperliquid Integration via Waitlist Access

bychainwire
5 August 2025
0

Succinct, the First Decentralized Prover Network, Launches on Mainnet

bychainwire
5 August 2025
0

ONyc Launches on Kamino, Unlocking Real-World Yield and Collateral Utility in Solana DeFi

bychainwire
5 August 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00