President-elect Donald J. Trump has named one of Silicon Valley’s most prominent conservative investors, donors and media personalities to help oversee American tech policy.
David Sacks, a venture capitalist and an early executive at PayPal who launched a hit podcast, will be the “White House A.I. and Crypto Czar,” the president-elect announced in a social media post on Thursday. Mr. Sacks is a close friend of Elon Musk, and Mr. Sacks has been among the people over the last year or so encouraging Mr. Musk to delve deeper into Republican politics.
The position will be new, and further cements the expectation that the Trump White House intends to take a lighter hand with the regulation of technology and in particular cryptocurrencies, which have surged in value since Mr. Trump won the election and in which Mr. Trump personally has a business interest. Mr. Sacks, who leads a venture capital firm called Craft Ventures, has in general called for a more permissive policy on both cryptocurrency and artificial intelligence.
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