David O. Sacospodcaster and former COO of Paypal, has been nominated for guide upcoming White House strategies on artificial intelligence (AI) and cryptocurrencies.
President-elect Donald Trump announced the news on December 6 through his own social media outlet, Truth Social. He explained that Sacks will work for protect free speech online, challenge Big Tech bias, and create clear rules to help cryptocurrencies grow in the US..
In addition to these responsibilities, Trump mentioned that Sacks will also head the President’s Council of Advisors for Science and Technology.
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Trump’s decision appears to show a nomination pattern of influential industry figures who supported him—Sacks hosted a fundraiser that raised $12 million for the Trump campaign.
Sacks is a member of the “PayPal Mafia,” a group of former PayPal executives and employees who later launched technology companies in Silicon Valley. Among his accomplishments, David founded Yammer, an enterprise software platform that was later purchased by Microsoft for $1.2 billion.
Another member of this group, Elon Musk, a well-known cryptocurrency advocate, has been chosen to lead the newly formed Department of Government Efficiency (DOGE), focused on reducing federal spending and bureaucracy.
However, the crypto community had been waiting for one nomination in particular: the appointment of the next chairman of the US Securities and Exchange Commission (SEC). Trump selected Paul Atkins, a former SEC commissioner who has been openly pro-crypto.
These nominations demonstrate the growing impact and recognition of cryptocurrencies in politics. On December 5, US Federal Reserve Chairman Jerome Powell also spoke about cryptocurrencies, which could have helped boost Bitcoin.
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more than $100,000. What did Powell say? Read the full story.
Gode ​​is a Web3 market analyst who researches major industry events and interprets how they affect the broader Web3 space. His formal education in media culture and digital rhetoric allows him to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the broader social sentiment within the ecosystem.
Gode ​​is a multilingual professional and has studied at several universities across Europe. This allows you a unique opportunity to analyze Web3 social sentiments that span different cultures and languages ​​and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of his team, Gode works to identify crucial crypto news patterns and provide unbiased, data-driven insights.
Gode’s passions include working and communicating with people, and when he’s not researching Web3 news, he spends his time traveling and watching true crime documentaries.
