What Trump's New AI and Crypto Czar David Sacks Means For the Tech Industry

For much of 2024, one of President-elect Donald Trump's staunchest allies in Silicon Valley was David Sacks, an entrepreneur, venture capitalist, and co-host of the popular podcast All-In. On his podcast and social media, Sacks argued that Trump's pro-industry stances would unleash innovation and spur growth in the tech industry. In June, Sacks hosted a fundraiser for Trump in San Francisco that included 300,000-a-person tickets. Now, Sacks has been rewarded with a position inside the White House: the brand-new role of "AI & crypto czar." It's unclear how much power this role actually has.