The second Trump administration is poised to be a powerful ally for the crypto industry. President-elect Donald Trump spoke highly of cryptocurrencies on the campaign trail, and his cabinet picks reflect that,

(Reuters) - U.S. President-elect Donald Trump on Thursday said he was appointing former PayPal Chief Operating Officer David Sacks to be his White House Artificial Intelligence and Crypto Czar.

From his days at Stanford and PayPal with the likes of Elon Musk, David Sacks is another Silicon Valley conservative in Trump's new orbit.

The "PayPal Mafia" alum will work to ensure the crypto industry has the legal framework and clarity it has been asking for, Trump said in a TruthSocial post.

President-elect Donald Trump will have a new administration come January that will include a new position — White House Artificial

XRP News: Donald Trump has nominated venture capitalist David Sacks as the “ White House AI & Crypto Czar .” The All-In Podcast co-host and former PayPal COO Sacks is known for favoring Ripple in the long-running US SEC lawsuit.

David Sacks spoke at the Republican National Convention in Milwaukee in July and hosted a fundraiser for Trump in San Francisco.

The former PayPal COO David Sacks has been chosen by President-elect Donald Trump to become the new White House AI and crypto czar.

The tech investor made his money with early bets on Uber and other startups. He built his reputation as a conservative provocateur.