Former PayPal executive David Sacks has been appointed by Trump to oversee the nation’s AI and cryptocurrency policy. Known for his strong ties to the tech industry, including a close association with Elon Musk, Sacks has been a long-time critic of tech regulation. His selection signals a pro-industry stance from Trump’s administration, which aims to foster innovation in the rapidly evolving tech landscape. The crypto industry has reacted positively to this appointment, viewing it as a bullish sign for future developments in the sector. Sacks, also recognized for his role as a venture capitalist, has been a vocal advocate for the benefits of cryptocurrencies and AI technologies.