In this news:
US President Donald Trump speaks during a the White House Crypto Summit in Washington, DC, March 7, ... [+] 2025. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)
AFP via Getty Images
A South African entrepreneur who spent time at PayPal, is pro-crypto, and just been handed a top tech job by Donald Trump. Before you blurt out your Jeopardy question, here’s a spoiler alert: it’s not Elon Musk. And here’s the real spoiler alert: the question is “Who is David Sacks?”
America’s new AI and crypto czar moves in the same circles as Musk, and the men have much in common. But this isn’t a thought piece on Musk (the internet doesn’t need another one of those) but rather an analysis of Sacks’ next steps now he’s been handed the private keys to America’s crypto kingdom. In the coming months, we’ll get a clear indication of whether the US is serious about making the nation a hub of web3 innovation – or whether its pro-crypto President is merely playing to the crowds.
Unpacking Trump’s Crypto Credentials
Before we delve into known unknowns, like which crypto initiatives the new US administration is serious about supporting, let’s start with the known knowns. Donald Trump wasn’t always a fan of Bitcoin – virtually no world leaders were at first – but he saw the light quicker than most and has been an unashamed supporter ever since.
We also know that he’s got no shame when it comes to making a quick buck from crypto, be it indirectly through investment group World Liberty Financial or through questionable but highly successful memecoins launched in his and his First Lady’s names. But only a cynic would assert that his decision to appoint a Presidential Working Group on Digital Assets, not to mention the SEC’s Crypto Task Force, was an attempt to justify his memecoin degeneracy.
On the subject of known knowns, another thing we know is that in his second and final term in office, Trump has hit the ground running, boasting of getting more work done in the first month than the Biden administration did in four years. While that particular claim may warrant scrutiny by the fact-checkers – who suddenly have a lot of spare time in which to parse such statements, now that the Facebooks and Twitters of the world have dispensed with their services – other Trump achievements are less qualitative.
.png)
