ChainCatcher news, Trump appoints David Sacks as the "AI and Crypto Czar" to lead a new advisory committee, raising concerns. Sacks is a venture capitalist, podcaster, and former PayPal executive.However, insiders from the transition team revealed that last week the position was downgraded from a leadership role to a general advisory position, partly because Sacks was unwilling to detach from his investment firm Craft Ventures and did not want to go through the formal appointment process.In the future, Michael Kratsios will lead the technology policy work, with Sacks providing policy ideas. Despite the change in position, Sacks remains influential, frequently active in Florida and San Francisco, and meeting with lawmakers. His appointment has sparked controversy over potential conflicts of interest, but some in Silicon Valley are optimistic, believing it could benefit startups, while others express doubts about his expertise and worry about policy directions.

ChainCatcher news, according to Bitcoin.com, Ripple's leadership strongly supports the appointment of David Sacks to lead the Trump administration's work in the fields of cryptocurrency and artificial intelligence (AI). Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty praised this move on X, emphasizing its alignment with innovation-friendly policies.Garlinghouse stated, "Congratulations to David Sacks on this appointment—he has a deep understanding of technology, and more importantly, he will drive President Trump's innovation agenda in crypto and AI. A dream team!"Alderoty echoed Garlinghouse's sentiments in multiple statements, highlighting the importance of Sacks' appointment in advancing the cryptocurrency industry, "Another great choice by the Trump administration: David Sacks will bring the pro-business, pro-innovation, and fresh perspective we need. Excited to work with David and the industry to ultimately establish clear rules for crypto in the U.S. The future starts now!"

ChainCatcher news, David Sacks, the newly appointed White House AI and cryptocurrency chief by Trump, shared his top ten views on Bitcoin on the social platform X, including:Started buying Bitcoin in 2013 when the price was only $130, and it has since increased by 76,000%;Deeply understands the importance of Bitcoin as a decentralized currency and its role in hedging against fiat currency devaluation;Believes that Satoshi Nakamoto should be a billionaire and highly recognizes the significance of his invention;Is making a fictional movie about Satoshi Nakamoto, "similar to watching 'The Social Network' without knowing who Zuckerberg actually is";Emphasizes the practicality of Bitcoin as a highly portable, non-seizable store of value;Believes Bitcoin has the potential to separate money from the state;Not a Bitcoin extremist, but thinks the advantages of Bitcoin may be the most apparent among all cryptocurrencies, and its price and relative stability reflect this;Invested in Bitcoin companies such as Lightning Labs, Fold, Bitwise, and Bitgo through Craft Ventures;Never thought he would be interested in payments after PayPal, but then Bitcoin emerged, "Bitcoin is realizing PayPal's original vision of creating new world currency";Deeply understands the significant meaning of Bitcoin as an invention of digital scarcity.

ChainCatcher news, according to Cointelegraph, David Sacks, the crypto head appointed by Trump, praised Bitcoin's ability to hedge against fiat inflation and its censorship-resistant characteristics during an interview with Anthony Pompliano.Sacks stated, "The church and the state used to be intrinsically linked and combined. You can't imagine the two without a connection." Sacks continued, "Now, we think of them as separate. I think currency and the state are a bit like that. We really can't imagine currency without the state, but Bitcoin, it's a bit like a sci-fi future, maybe you can separate these two things."

ChainCatcher news, David Sacks, the crypto chief appointed by Trump, tweeted that there are too many stories of victims harmed by "Operation Choke Point 2.0" that need attention.Previously, Trump clearly stated during his campaign that if elected, he would immediately terminate the regulatory action known as "Operation Choke Point 2.0" to ensure that the banking system can provide a fair service environment for crypto businesses.

ChainCatcher news, according to Cointelegraph, the newly appointed crypto head of the Trump administration, David Sacks, is a staunch supporter of Solana and an investor in the crypto investment firm Multicoin Capital.In October 2021, David Sacks publicly disclosed in episode 50 of the "All-In" podcast that he purchased a large amount of Solana (SOL) at a discounted price. He stated that he did not sell his SOL after the FTX collapse and mentioned that Solana has the potential to replace Ethereum as the preferred blockchain platform.Previous news reported that Trump appointed David Sacks as the head of the crypto sector. The VC founded by David Sacks has invested in crypto projects such as dYdX and Lightning Labs.

ChainCatcher News, U.S. President Donald Trump announced the appointment of David O. Sacks as the "White House Artificial Intelligence and Cryptocurrency Affairs Czar (AI & Crypto Czar)."Sacks responded on social media, saying, "Thank you for the trust, Mr. President. I am deeply honored and look forward to advancing America's competitiveness in critical technology areas. Under your leadership, the future is bright!"

ChainCatcher news, Trump announced the appointment of Silicon Valley investor David O. Sacks as the White House Director of Artificial Intelligence and Cryptocurrency. He posted on the social media platform Truth Social, "I am pleased to announce that David O. Sacks will serve as the 'White House Director of AI and Cryptocurrency.' In this important position, David will guide the government's policies in the two areas that are crucial to America's future competitiveness: artificial intelligence and cryptocurrency.David will work to make the United States a clear global leader in both fields. He will protect online free speech and keep us away from the biases and censorship of big tech companies. He will be dedicated to establishing a legal framework that provides the clarity the cryptocurrency industry has long sought, allowing it to thrive in the United States. David will also lead the President's Council of Advisors on Science and Technology. With his knowledge, business experience, wisdom, and pragmatism, David will make America great again in these two critical technologies. Congratulations, David!"

ChainCatcher news, according to Rootdata, the cryptocurrency projects invested by Craft Ventures, the venture capital firm founded by the new AI and cryptocurrency advisor to the White House, David O. Sacks, include: dYdX, Lightning Labs, River Financial, Kresus, Set Protocol, FOLD, Harbor, Handshake, Voltage, Galoy, Lumina, Rare Bits.Previous news, Trump appointed David Sacks as the head of the cryptocurrency sector.

ChainCatcher news, according to Rootdata, the cryptocurrency projects invested by Craft Ventures, the venture capital firm founded by the new AI and cryptocurrency advisor to the White House, David O. Sacks, include: dYdX, Lightning Labs, River Financial, Kresus, Set Protocol, FOLD, Harbor, Handshake, Voltage, Galoy, Lumina, Rare Bits.Previous news, Trump will appoint David O. Sacks as the "Crypto Czar".

ChainCatcher news, or influenced by the news that "Trump will appoint David Sacks as the crypto czar," the 0x protocol token ZRX, where Sacks serves as an advisor, briefly surged over 23%, breaking through $0.8, currently reported at $0.83.Previously, David Sacks tweeted in 2018 that he "is a loyal fan of 0x," optimistic about the development prospects of decentralized protocols in the digital asset trading field, believing that as the number of tokens increases, the market needs specialized protocols rather than relying solely on centralized exchanges.

ChainCatcher news, according to market news, Trump has appointed PayPal co-founder David Sacks as the head of the cryptocurrency sector, responsible for leading U.S. policy and regulatory affairs in the cryptocurrency field. David Sacks is a well-known Silicon Valley investor and a supporter of blockchain technology.