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Meet Trump's Pick for White House AI & Crypto "Czar"
Austin Hodge
December 06, 2024 • Read Time: 14 minutes
Who will be the first to fill the new White House post for Crypto & AI oversight?
Enter David Sacks, a venture capitalist straight from the “PayPal Mafia” with a deep involvement in the crypto community. Known for his Silicon Valley savvy, Sacks' task is not just ambitious—it’s a tech entrepreneur’s dream. With a mandate to craft a legal framework to light the way for crypto enthusiasts, his appointment marks a fascinating twist for a man who once criticized Trump but now stands as an influential ally. Sacks' journey from skeptic to Trump supporter adds another layer to this surprising narrative.
Meanwhile, Putin continues his crypto courtship with confirmation of plans for a digital ruble in the Russian federal budget and Bitcoin bounces back from a steep flash crash to retest resistance just below $100k.
What does all this mean for the future of global politics, finance, crypto, and your wallet?
Let's dive in!
Trump names David Sacks as 'AI and crypto czar', signaling pro-crypto policies in his administration. — Read More
Putin approves digital ruble integration into Russia's federal budget, signaling shift towards digital economy. — Read More
DYDX rallies 35%, backed by Trump's crypto czar appointment, with substantial gains driven by venture capital ties. — Read More
Bitcoin plummeted to $92K after a 10% flash crash, driven by leverage liquidations, and then partially recovered. — Read More
Jim Rickards claims BRICS already have a common currency in response to Trump's tariff threats. — Read More
Circle's USDC becomes the first stablecoin to comply with Canada's new regulatory standards. — Read More
Bolivian lawyers propose USDT index to invigorate dollar-deprived economy. — Read More
Financial Times offers a sarcastic apology for years of Bitcoin criticism as the cryptocurrency hits $100,000. — Read More
Memecoins hit 3.16% of crypto market cap on Dec 1, skyrocketing from 1.3% in January. — Read More
Phantom Wallet supports Sui's network as it broadens its multichain functionality beyond Solana and others. — Read More
ORDI's price breaks a 246-day consolidation to target a new high, hovering below a $60 resistance. — Read More
Ex-ARK analyst warns against unrealistic $10 trillion crypto market cap targets, urges strategic profit-taking in current cycle. — Read More
Ocelex launches as a MetaDEX on Zircuit, targeting scalability, security, and transparent DeFi innovation. — Read More
Crypto industry hits maturity with Bitcoin smashing records, TradFi engagement, and stablecoin dominance. — Read More
Cryptocurrency exchange Bybit permits VPN usage for Chinese users, while excluding yuan trading to comply with regulations. — Read More
Jonathan Levin, Chainalysis co-founder, appointed CEO replacing Michael Gronager. — Read More
Trump's newly appointed AI & Crypto Czar, David Sacks: The transformational idea with Bitcoin is that we could have non-fiat money.
The government has a tremendous temptation to print money to finance the debt.
Bitcoin is not backed by the government its backed by math.
— Bitcoin News (@BitcoinNewsCom)
2:20 AM • Dec 6, 2024
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