Trump appoints David Sacks as the first 'AI and Cryptocurrency Tsar', will he completely loosen regulations as a venture capitalist?

U.S. President-elect Trump today announced that he will appoint David Sacks, general partner of Craft Ventures, as the White House czar for artificial intelligence and cryptocurrency, responsible for formulating AI and cryptocurrency policies for this administration, making the United States a global leader in these two areas. (Synopsis: Trump officially nominates Paul Atkins as the SEC's new chairman, his cryptocurrency stance? BTC hits $99,000) (Background added: Trump has named Paul Atkins as the new chairman of the SEC, but he doesn't want to pick up the mess? U.S. President-elect Donald Trump today announced that he will appoint David Sacks, a partner at Craft Ventures, as White House czar on AI and Cryptocurrency, where he will be responsible for developing AI and Cryptocurrency policies for this administration, focused on making the United States a global leader in both areas. David Sacks' responsibilities include safeguarding free speech online, addressing bias and censorship at big tech companies, and providing a clear legal framework for the cryptocurrency industry to support its prosperity in the United States, in addition to chairing the President's Council of Advisors on Science and Technology. It is understood that David Sacks is a South African-American entrepreneur, author and network technology investor, born in Cape Town, South Africa in 1972, as a general partner of venture capital fund Craft Ventures, focusing on early-stage technology company investments, he joined PayPal in 1999 as a product leader, also served as chief operating officer, and was a member of the "PayPal gang". Bloomberg reports that David Sacks is one of Trump's most prominent supporters and fundraisers in Silicon Valley, and he has been instrumental in pushing tech financiers to support Trump, including hosting a fundraiser at his San Francisco home in June, and he is close to Vice President-elect and investor-turned-Senator J.D. Vance of Ohio. The new czar position, which is expected to help spearhead the deregulation of the cryptocurrency industry promised by Trump on the campaign trail, is expected to provide cryptocurrency advocates with direct contact with the White House and act as a liaison between Trump, Congress, and federal agencies related to digital assets. In the field of artificial intelligence, with the explosive growth of the popularization and use of artificial intelligence in recent years, David Sacks will be at the forefront of deciding how the federal government will adopt and regulate the use of artificial intelligence, and the advancement of this technology and the widespread adoption of artificial intelligence by consumers bring opportunities and risks in terms of national security, privacy, employment and so on. David Sacks is also expected to work closely with Musk, the world's richest man and Trump's number one supporter, who is expected to wield significant influence in the incoming administration. Related reports Trump Chuan announced the new chairman of the SEC as soon as possible! Who is most likely to succeed Gary Gensler? Bloomberg Research: Trump's inauguration in January or BTC short-term high, BTC and stock market correlation weakened can go independent? CZ is expected to become the head of Trump's encryption department? Changpeng Zhao: Willing to help as much as possible 〈Trump appointed David Sacks as the first "AI and cryptocurrency czar", will he fully relax supervision from a venture capital background? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".