US Crypto Czar: David Sacks Nominated To Shape Crypto and AI Strategy

Key Takeaways

• Donald Trump has named David Sacks as the White House’s first crypto and AI czar.
• Several prominent names had surfaced as potential candidates for the crypto czar position.
• Coinbase CEO Brian Armstrong was a leading contender.

President-elect Donald Trump has appointed PayPal co-founder and former COO David Sacks as the White House’s first crypto and AI czar.

Tasked with steering federal policy on digital assets and AI, Sacks will play a central role in shaping the future of technology and innovation in the United States—a move that signals Trump’s continued alignment with pro-crypto and pro-innovation initiatives.

The appointment adds to a growing roster of tech-forward figures tapped by Trump to helm critical roles in his administration.

Sacks To Shape U.S. Crypto and AI Strategy

Trump announced his selection of Sacks as the administration’s point man for crypto and AI on Friday, Dec. 6, via Truth Social.

In his statement, Trump underscored the significance of Sacks’ new role, describing AI and crypto as “two areas critical to the future of American competitiveness.”

Tasked with positioning the United States as the undisputed global leader in these fields, Sacks will oversee efforts to streamline policy and regulation in sectors often marked by uncertainty.

The President praised Sacks’ decades-long track record as an entrepreneur and investor, pointing to his tenure as a key member of the “PayPal Mafia” as a testament to his ability to navigate complex industries.

Trump expressed confidence that Sacks will deliver the regulatory clarity the crypto industry has long sought, ensuring the U.S. remains at the forefront of innovation.

Top Crypto Czar Picks For Trump Administration

Before selecting Sacks, President Trump interviewed several prominent crypto leaders and financial executives, each a strong contender for the role.

Here are some of the names that were under consideration.

Chris Giancarlo

Chris Giancarlo, often referred to as “Crypto Dad” for his pro-crypto stance, served as chairman of the Commodity Futures Trading Commission (CFTC) under the Trump administration.

The former CFTC chair was considered the top candidate for the crypto czar role. According to a Fox report , the former CFTC chief informed the Trump transition team of his availability.

Giancarlo was also reportedly considered for the role of SEC chair.

However, he had removed himself from consideration for both the SEC chair and CFTC chief positions, saying , “I’ve already cleaned up earlier Gary Gensler’s mess.”

Brian Armstrong

The Coinbase CEO was widely regarded as a frontrunner.

Brian Armstrong had received vocal support from Cardano founder Charles Hoskinson and significant backing from the crypto community.

Known for his staunch opposition to the Securities and Exchange Commission’s (SEC) “regulation by enforcement” tactics, Armstrong had positioned himself as a key advocate for fair crypto policies.

Reports emerged of the Coinbase CEO meeting privately with Trump, possibly to discuss crypto policy.

Brian Brooks

The former Binance.US chief and ex-Comptroller of the Currency was another strong candidate.

Brooks’ meeting with Trump had sparked rumors of his involvement in shaping the administration’s crypto strategy. His regulatory expertise and familiarity with the industry would have made him a natural fit for the role.

Brad Garlinghouse

The Ripple CEO’s name was also raised as a possible candidate.

Garlinghouse has fought high-profile battles with the SEC, including a landmark partial victory in court, earning him credibility within the crypto space.

Having publicly supported Trump’s presidential campaign and reportedly met with the president-elect post-election, Garlinghouse was viewed as someone who could bring both regulatory experience and industry insight to the role.

Hester Peirce

Dubbed “Crypto Mom” for her pro-crypto stance, SEC Commissioner Hester Peirce has long been a voice of reason within the regulatory body.

Some viewed her as a strong contender for the SEC chair role, while others argued she would fit perfectly as the crypto czar.

Peirce’s commitment to fostering innovation while ensuring responsible oversight made her a natural choice for the role.

With additional reporting from Insha Zia.