Trump’s pick of David Sacks as AI and crypto czar shows how cozy his White House will be with Silicon Valley

Another tech-focused appointee has raised questions about the future direction of the Trump administration.

President-elect Donald Trump’s approach to crypto is becoming clearer with the appointment of entrepreneur David Sacks as Trump’s “White House A.I. & Crypto Czar”—signaling a shift in how the U.S. government perceives cryptocurrency that could indicate a more prominent place for it within the financial system.