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Deng Tong, Bitchain Vision; Source: Bitchain Vision, Wikipedia, Reuters, Bloomberg, Wall Street, INVESTING, CointeleGraph
1. Overview
Trump will appoint David O. Sacks as the White House cryptocurrency and artificial intelligence supervisor. He is responsible for leading the United States’ policy and regulatory affairs in the cryptocurrency field. Sax is a well -known Silicon Valley investor and blockchain technology.Supporters.
Trump said: “Sacks will be committed to formulating a legal framework and providing the clarity that it has been seeking for the encryption industry, so that the industry will flourish in the United States.” Who is David Sax?Why can I be the position of supervisor of the White House cryptocurrency and artificial intelligence?What is the impact on the encryption market?
2. Member of “Paypal Malf Party” -David O. Sacks (David O. Sacks)
David Oliver Sacks (born on May 25, 1972), South African American entrepreneurs, writers and Internet technology companies are ordinary partners of Craft Ventures.In addition, he hosted the All In Podcast with Chamath Palihapitiya, Jason Calacanis and David Friedberg.Earlier, Sax was the head of Paypal’s COO and product, as well as the founder and CEO of Yammer.In 2016, he served as an interim CEO of Zenefits for ten months.In 2017, Saxor’s partnership founded the Early Risk Fund Craft Ventures. In December 2024, President Donald Trump appointed Saxor as the new government’s White House artificial intelligence and encrypted Tsar.
Sachs studied at Memphis University in Memphis, Tennessee.He obtained a bachelor’s degree in economics from Stanford University in 1994 and a Ph.D. in Law from the University of Chicago School of Law in 1998.
In 1999, Saxor resigned as a management consultant of McKinsey and joined the e -commerce startup of Max Levcin, Peter Terr and Luke Northak.Later in the same year, Saxo became the first product leader of the Confinity milestone product and PayPal, the company’s successor.After being promoted to PayPal’s chief operating officer, he formed many key teams in the company to be responsible for product management and design, sales and marketing, business development, international, customer service, anti -fraud operations and human resources functions.PayPal first publicly fundraising in February 2002.This is one of the earliest IPOs after the September 11 attack.The stock price rose more than 54%on the first day.In October 2002, EBAY acquired PayPal for $ 1.5 billion.
Sax is a member of the so -called “PayPal Malker Party”. The organization is composed of Paypal’s founders and early employees. Later, they founded a series of other successful technology companies.They are usually considered to be the pioneer of Web 2.0 and consumers -centered Internet companies after the Internet bubbles were crushed in 2001.
Third, unique eyes, enter the encryption and AI
At the end of 2017, Saxha and people created Craft Ventures and raised an initial fund of $ 350 million. According to a Medium post released by the company, CRAFT raised $ 1.1 billion in 2021, so that the total assets of its management reached 20 to 20$ 100 million.As an angel investor, his investment projects include Addepar, AFFIRM, Airbnb, Clutter, EventBrite, Facebook, Gusto, Houzz, Intercom, MIXPANEL, OpenDoor, Palantir Technology, POYPAL, POSTMAT ES, Researchgate, RUMBLE, Scribd, SLACK, SpaceX, SurveyMonkey, Thirdlove, Uber, Wish, etc.
The figure below is the Craft Ventures Investment Project statistics from Crypto Fundraising.
In addition, David Sacks is the largest LP in the well -known VC Multicoin in the encryption industry.It can be said that all encryption projects voted by Multicoin, David Sacks are related to interests.
For example, solana, Multicoin voted solana in the seed wheel, continued to increase solana in the A round, led Solana $ 20 million.After the FTX closed, Sacks made it clear that he did not sell SOL.
Sachs is also a consultant to the old -fashioned DEFI product 0x (ZRX).
Not only did Saxis win the crypto track, he also turned his eyes to AI.
In 2021, Saxor and his former colleague Evan Owen, his former colleague of Craft, founded a working space chat company called Glue.Their products are an artificial intelligence tool that can be called from specific chats on platforms such as Google Meet and ZOOM, so that employees can help artificial intelligence in the conversation.It was launched to the public in May 2024.
Fourth, Trump wise eyesight beads
Trump fully expressed his affirmation of saxophone on his social media platform Truth Social on December 6Essence
Trump believesSax is “an extremely successful entrepreneur” and has a keen insight into the two “key” industries.
Trump said in social media posts:“David will guide the government’s policies in artificial intelligence and cryptocurrencies. These two areas are crucial to the future competitiveness of the United States. David will be committed to making the United States a global leader in these two fields.” “HeIt will be committed to formulating a legal framework so that the encryption industry can obtain the clarity required and survive in the United States. “
Trump said that Sachs would also help maintain freedom of online speech and guide the United States to stay away from “prejudice and review of large technology companies.”During the 2024 election, Saxor publicized Trump and also supported digital assets.
5. The response of the encryption market
With the continuous fermentation of the news, the encrypted market sector rose, and the concept of AI led the rise. The AI and sub -sections AI Agent increased by 15.43% and 19.34%, respectively.It is worth noting that Numogram (GNON) in the AI AGENTS sector rose 51.73%, FARTCOIN (FARTCOIN) rose 46.49%, AI16Z (AI16Z) rose 39.38%, Zerebro (ZEREBRO) rose 37.04%, Eliza (Eliza) rose up 32.59%.In the AI sector, WorldCoin (WLD) rose 24.78%, Render (RNDR) rose 23.77%, and Virtuals Protocol (Virtual) rose 23.75%.
Other high -increase sectors include: DEPIN sector rose 7.74%, Livepeer (LPT) in the sector rose 26.8%, Ankr Network (ANKR) increased by 16.42%, and Grass (Grass) rose 13%.The Layer 2 plate rose 4.72%, the DEFI sector rose 4.33%, the MEME sector rose 4.28%, the GameFi sector rose 4.20%, and the Layer 1 sector rose 3.43%.
The encryption projects invested by Craft Ventures are favorable.
for example,DYDX exceeded $ 2 and is now reported to $ 2.11, an increase of 16.9%in 24 hours.
ZRX rose from a maximum of $ 0.62 to $ 0.91, an increase of more than 45%.
Six, conclusion
Previously, there were many articles in the Special Chain Vision of the Trump Cabinet and encryption.After Trump shouted the slogan “Ensuring the United States as a Bitcoin Super Power” at the Bitcoin Conference in July this year, Trump opened the road of encryption in the United States.
Since then, Trump has appointed Musk to lead the government efficiency department, and DOGE has skyrocketed; Internet celebrity squirrel Peanut has helped to help the Republican and Democratic elections.The chairman of the US Securities and Exchange Commission (SEC) helps BTC break through the $ 100,000 mark; the White House cryptocurrency and artificial intelligence executives have made clear that Trump will vigorously develop cryptocrete and AI in the next term.
A person can lead an era. Since Trump’s election, the crypto market has made progress all the way.After breaking through the $ 100,000 mark, what surprises will the AI+Crypto world still bring us?
View more details. Click on the Elchain Vision article:
“Trump’s possible members of the cabinet, what are the encrypted friendly people in the inventory”
“Trump Bitcoin Conference Review: Ensure that the United States becomes a Bitcoin Super Power” “
>What can Musk lead the government efficiency department (DOGE)?
>From euthanasia to saving the United States: The past and present life of peanut peanut
