DYdX Surges 30% as Trump Names David Sacks as 'AI and Crypto Czar'

2024-12-8 04:49

President-elect Donald Trump has named David Sacks as the White House's AI and Crypto Czar, announcing the appointment in a TruthSocial post Thursday night.

"David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas," Trump posted.

Sacks is a limited partner in <a href="https://multicoin.capital/2018/03/12/why-we-invested-in-multicoin/" target="_blank">MultiCoin Capital</a>, having come on board in March 2018, in addition to being a general partner and co-founder at Craft Ventures, which counts BitGo and Bitwise as portfolio companies.

In the hours after the news, dYdX,<a href="https://www.coingecko.com/en/coins/dydx-chain" target="_blank"> the native token of the decentralized crypto exchange by the same name, surged over 30%</a>. Sacks' Craft Ventures was an early investor, <a href="https://cryptorank.io/funds/craft-ventures/rounds" target="_blank">participating in a Series A</a> round that <a href="https://medium.com/dydxderivatives/dydx-raises-10m-series-a-1250b7e0e1df" target="_blank">raised $10 million</a>.

Trump said that one of Sacks' responsibilities will be to "safeguard Free Speech online, and steer us away from Big Tech bias and censorship."

"[Sacks] will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S," Trump said.

Sacks is the former chief operating officer of PayPal, where he worked alongside Elon Musk. Sacks is part of the "PayPal Mafia," a group of former employees of the payment processor who went on to create or lead major technology companies like Tesla, LinkedIn, Palantir and YouTube.

The news comes a day after Trump <a href="https://www.coindesk.com/policy/2024/12/04/trump-names-former-sec-commissioner-paul-atkins-as-his-pick-for-chair-of-the-agency" target="_blank">named</a> former SEC Commissioner Paul Atkins as his pick to head up the securities regulator when he takes office next month. Atkins works with The Digital Chamber, an industry lobbying group and is an adviser to Reserve and Securitize.

origin »

TrumpCoin (TRUMP) на Currencies.ru

$ 0.0214291 (+0.71%)
Объем 24H $0
Изменеия 24h: 11.68 %, 7d: 0.20 %
Cегодня L: $0.0187295 - H: $0.0214291
Капитализация $141.526k Rank 2573
Цена в час новости $ 0.0093482 (129.23%)

crypto trump clarity framework legal industry said

crypto trump → Результатов: 126


Фото:

White House Crypto Summit: who’s invited and what’s on the agenda?

President Donald Trump is set to welcome cryptocurrency industry leaders to the White House on Friday for an unprecedented “crypto summit.” The meeting, a significant nod to the digital asset sector that played a crucial role in his re-election campaign, comes just a day after Trump signed an executive order creating a “crypto reserve”—a national […]

2025-3-7 18:13


Фото:

Trump announces coins to be added to US strategic crypto reserve

Trump announced on Sunday that Solana, Cardano, and XRP are to be included in the US strategic crypto reserve The market reacted positively to the announcement as prices soared double digits for all altcoins US President Donald Trump has directed his crypto working group to include Bitcoin, Ethereum, XRP, Solana, and Cardano to be included […] The post Trump announces coins to be added to US strategic crypto reserve appeared first on CoinJournal.

2025-3-4 16:28


Фото:

Crypto market gains $300 billion in value as Trump reveals national crypto reserve plan

The cryptocurrency market saw a sharp rally, gaining $300 billion in value after US President Donald Trump announced plans to establish a national crypto strategic reserve. The move, outlined in an executive order, signals the government’s intent to accumulate digital assets, reinforcing the US’s position in the global crypto landscape. Trump’s announcement, made via Truth […]

2025-3-3 10:47


Фото:

Crypto community cheers as Trump names pro-crypto advisors Stephen Miran and Bo Hines for economic and digital assets councils

Over the weekend, US President-elect Donald Trump announced two significant appointments underlining his continued support for the crypto sector. On Dec. 22, Trump revealed that he has nominated Economist Stephen Miran to lead the Council of Economic Advisors, while Bo Hines has been named Executive Director of the newly formed Crypto Council.

2024-12-23 13:40