David Sacks, former PayPal COO, has been appointed as the United States' first Artificial Intelligence and Crypto Czar.
Sacks will work closely with Elon Musk to establish a legal framework for the cryptocurrency industry and ensure American competitiveness in AI and crypto.
Sacks will serve as a special government employee, working up to 130 days per year, and act as a liaison between the crypto industry, Congress, and federal agencies.
The AI and Crypto Czar will provide regulatory clarity for the crypto sector and guide policy for AI adoption.