Trump stated that Sacks will work on a legal framework for the cryptocurrency industry, emphasizing the need for clarity to help it thrive in the US.
Sacks, a member of the 'PayPal Mafia', co-founded Yammer, showcasing his entrepreneurial background which includes backing significant startups through Craft Ventures.
In a 2017 CNBC interview, Sacks argued that cryptocurrencies like Bitcoin and Ethereum achieve PayPal’s original purpose, creating a self-sustained money database.
While Sacks' views on AI are not fully known, his general policies suggest a potential for less regulation compared to current administration stances.
Collection
[
|
...
]