PANews reported on December 6 that US President-elect Donald Trump announced the appointment of David O. Sacks as the "White House Commissioner for Artificial Intelligence and Cryptocurrency Affairs". Sacks will be responsible for leading the government's policy formulation in the fields of artificial intelligence and cryptocurrency, and promoting the United States to become a global leader in these two key areas. His responsibilities include protecting freedom of speech on the Internet, addressing bias and censorship issues of large technology companies, and providing a clear legal framework for the cryptocurrency industry to support its prosperity in the United States. In addition, Sacks will also lead the President's Science and Technology Advisory Committee.

David Oliver Sacks is a South African-American entrepreneur, author and internet technology investor, born in Cape Town, South Africa in 1972. He is a general partner of Craft Ventures, a venture capital fund focused on investing in early-stage technology companies. He joined PayPal in 1999 as head of product and later became chief operating officer (COO). He is a member of the "PayPal Mafia".

According to Rootdata data, the cryptocurrency projects invested by Craft Ventures include: dYdX, Lightning Labs, River Financial, Kresus, Set Protocol, FOLD, Harbor, Handshake, Voltage, Galoy, Lumina, and Rare Bits.