U.S. President-elect Donald Trump on Thursday said he was appointing former PayPal Chief Operating Officer David Sacks as his ¡°White House A.I. & Crypto Czar,¡± another step towards overhauling U.S. policy.
¡°He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.,¡± Trump said in a post on his social-media site Truth Social, without saying whether ¡°czar¡± was an official title.
The crypto czar and other officials in Trump¡¯s incoming administration such as the chairs of the Securities and Exchange Commission and Commodity Futures Trading Commission are expected to reshape U.S. policy on digital currency along with a newly created crypto advisory council.
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