(AURN News) — President-elect Donald Trump recently announced the appointment of Silicon Valley entrepreneur David Sacks as “White House A.I. & Crypto Czar” in his incoming administration, while celebrating Bitcoin’s rise to $100,000. Continuing to work from his Mar-a-Lago estate in Florida, Mr. Trump took to his Truth Social platform to herald Bitcoin’s milestone price.
“CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” Trump posted.
In naming Sacks to the advisory position, Trump outlined plans to establish a regulatory framework for cryptocurrency and position the United States as a leader in both artificial intelligence and digital currencies. “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 wrote on Truth Social.
Sacks brings significant tech industry experience to the role. As PayPal’s founding-era COO and member of what is referred to as the “PayPal Mafia,” he later founded Yammer, which was sold to Microsoft for $1.2 billion. Trump said Sacks will also lead the Presidential Council of Advisors for Science and Technology, noting that he “has the knowledge, business experience, intelligence, and pragmatism to MAKE AMERICA GREAT in these two critical technologies.”
The appointment is one of many Trump continues to announce via his social media platform and comes weeks before his second inauguration, with cryptocurrency regulation emerging as a key focus of his upcoming administration.
Click play to listen to the AURN News report from Jamie Jackson:
The post Will Trump Make Crypto Great Again? appeared first on American Urban Radio Networks.
