AI and Crypto Czar Craft Ventures
Venture capitalist, PayPal Mafia member, Craft Ventures founder. Appointed as White House AI and Crypto Czar by Trump in December 2024. Major Trump donor and fundraiser who hosted $12M fundraiser in June 2024.
In December 2024, Trump announced David Sacks as his 'White House AI & Crypto Czar,' tasked with developing a legal framework for cryptocurrency and shaping AI policy. The appointment raised conflict of interest concerns given Sacks' extensive investments in AI and crypto companies through Craft Ventures.
David Sacks delivered a primetime speech at the Republican National Convention in July 2024, making the case for Trump to Silicon Valley and discussing the need for pro-business and pro-crypto policies. The speech signaled growing tech industry alignment with Trump.
David Sacks hosted a high-dollar fundraiser for Trump's 2024 campaign at his San Francisco home in June 2024, raising approximately $12 million. The event marked a significant moment of Silicon Valley support for Trump and included other prominent tech figures.