On December 5, 2024, President Donald Trump appointed billionaire high-tech entrepreneur and venture capitalist David Sacks to shape his administration’s efforts in artificial intelligence (AI) and cryptocurrency. The part-time advisory position, the first of its kind, bypasses Senate confirmation and traditional oversight mechanisms, placing Sacks at the center of the AI sector tasked with crafting a legal framework that minimizes regulation while encouraging innovation and private sector growth. He also chairs the President’s Council of Advisors on Science and Technology (PCAST).

Sacks co-founded PayPal, started several other companies, and recently…