US President-elect Donald Trump has named former PayPal chief operating officer David Sacks as White House 'AI and Crypto Czar.'
US President-elect Donald Trump has named former PayPal chief operating officer David Sacks as White House “AI and Crypto Czar.”US President-elect Donald Trump has named former PayPal chief operating officer David Sacks as White House"AI and Crypto Czar." Image: Handout
The entrepreneur, whose wealth has been estimated in the billions of dollars, is considered part of a so-called “PayPal Mafia” cadre of influential tech entrepreneurs that includesThe group was part of that company’s founding era and members have thrown their clout behind conservative political policies and candidates.
While Musk was born in Pretoria, Sacks was born to a Jewish family in Cape Town and emigrated to Tennessee in the United States with his family when he was five.The couple have two daughters and one son. They live on Broadway in Pacific Heights, San Francisco, in an area known as “Billionaire’s Row”.
The historic level was broken after Trump picked crypto proponent Paul Atkins to take over as chair of the Securities and Exchange Commission, the markets regulator. Although the office, dubbed DOGE, has a purely advisory role, Musk’s star power and intense influence in Trump’s inner circle bring political clout.This would represent cutting total US spending by a third, almost certainly meaning devastation of social support programs – something that has never garnered strong political backing.
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