US President Donald Trump has appointed David Sacks, a longtime Silicon Valley investor and ally of Elon Musk, as his new “AI and crypto czar.” The move has been welcomed by the cryptocurrency industry, which sees it as a sign of looser regulation and clearer legal frameworks for digital assets. Sacks’ appointment comes after Paul Atkins was nominated to run the Securities and Exchange Commission, further boosting the price of bitcoin. Since Trump’s presidential election victory, bitcoin has surged over 40% in value, with some enthusiasts expressing optimism about the future of digital assets in the US.
Source: https://finance.yahoo.com/news/cryptos-winning-week-capped-by-david-sackss-ascension-to-trump-white-house-153042813.html