The second Trump administration is poised to be a powerful ally for the crypto industry. President-elect Donald Trump spoke highly of cryptocurrencies on the campaign trail, and his cabinet picks reflect that,

(Reuters) - U.S. President-elect Donald Trump on Thursday said he was appointing former PayPal Chief Operating Officer David Sacks to be his White House Artificial Intelligence and Crypto Czar.

From his days at Stanford and PayPal with the likes of Elon Musk, David Sacks is another Silicon Valley conservative in Trump's new orbit.

The "PayPal Mafia" alum will work to ensure the crypto industry has the legal framework and clarity it has been asking for, Trump said in a TruthSocial post.

President-elect Donald Trump will have a new administration come January that will include a new position — White House Artificial

XRP News: Donald Trump has nominated venture capitalist David Sacks as the “ White House AI & Crypto Czar .” The All-In Podcast co-host and former PayPal COO Sacks is known for favoring Ripple in the long-running US SEC lawsuit.

Donald Trump has named David Sacks, podcast host and former COO of Pay Pal, as the new White House “AI and crypto czar.” “In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency,

Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect’s intent to boost two rapidly developing industries.