President-elect Trump tapped venture capitalist David Sacks to serve as the “White House AI & Crypto Czar,” a new position that is expected to oversee federal action on crypto deregulation and government AI adoption. Sacks is a South African investor who has close ties to Elon Musk. He has been a vocal supporter of crypto and digital assets for over a decade and is expected to push hard for a deregulatory approach to the sector. Several lawmakers, including Rep. Warren Davidson (R-OH), House Majority Whip Tom Emmer (R-MN), and Sen. Todd Young (R-IN), praised the decision in X posts. The position will not require Senate confirmation.