Trump Appoints David Sacks As Crypto And AI Czar, Ripple Boss: He Knows Internal Technology
JAKARTA - President-elect of the United States, Donald Trump, officially announced David O. Sacks as "White House AI & Crypto Czar" on December 6 through his social media platform, TruthSocial. Sacks will formulate policies related to artificial intelligence (AI) and crypto. These are two sectors that are considered very important to maintain US competitiveness in the global arena.
This decision was welcomed by many in the crypto industry, particularly by the Ripple community and XRP supporters, who see it as a positive signal for the future of the digital asset sector in Uncle Sam's country.
In his statement, Trump revealed that Sacks will be tasked with making the United States a global leader in the AI and crypto sectors. In addition, Sacks is also responsible for maintaining freedom of expression in cyberspace and avoiding the bias influence of big tech companies.
One of the main tasks Sacks will carry out is to draw up a clear legal framework for the crypto industry, which is expected to provide regulatory certainty and encourage the growth of the sector in the United States.
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Ripple CEO Brad Garlinghouse's Response
Ripple CEO Brad Garlinghouse and Stuart Alderoty as CLO Ripple also welcomed Donald Trump's appointment. Garlinghouse considers that Sacks has a deep understanding of technology and will strengthen Trump's pro-novation plans, particularly in the crypto sector and artificial intelligence.
Meanwhile, Alderoty thinks Sacks' appointment is the right choice, as it will bring a more supportive perspective to crypto innovation and pro-industry.
David Sacks, who is a co-founder of PayPal, is known as a figure who supports Ripple in a legal feud with the US Securities and Exchange Commission (SEC) regarding XRP status. Launching Coiningape, Sacks revealed that he believes XRP is not a security.