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Trump is betting on technology: David Sachs has been appointed head of AI and cryptocurrencies


December, 06 2024
watermark Economic news

Donald Trump has appointed David Sachs, who has extensive experience in the technology field, as head of policy in the field of artificial intelligence and cryptocurrencies. As a Silicon Valley venture capitalist, Sachs became famous for his work at PayPal, where he collaborated with Elon Musk.


Sachs has shown active support for Trump, which sets him apart from most technology leaders who traditionally lean toward Democrats. His recent fundraiser in San Francisco, which raised more than $12 million for the Trump campaign, highlights his influence and connections in the industry.


In his new role, Sachs will be responsible for shaping AI and cryptocurrency policy, which are considered key to U.S. economic competitiveness. Trump expressed confidence that under Sachs's leadership, America will be able to take a leading position in these areas. 


In addition, Sachs will head the Presidential Council on Science and Technology, which will allow him to play an important role in determining the scientific and technological strategy of the administration.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.