Who Is David O. Sacks? Trump’s Pick for White House A.I. & Crypto Czar

Who Is David O. Sacks?: Trump Nominates David Sacks as White House AI & Crypto Czar. All-In Podcast co-host and former PayPal COO Sacks is a Ripple favorite in the long running SEC v Ripple lawsuit.

Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty say Sacks will advance President Trump’s crypto and AI pro-innovation agenda and bring upside to the cryptos he supports including XRP and ZRX.

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Crypto Czar David Sacks Is SEC v Ripple, XRP Guy

On December 5th President-elect Trump appointed David O. Sacks as the “White House AI & Crypto Czar”. Trump said Sacks will advise the Administration on Artificial Intelligence and Cryptocurrency policy, two areas critical to American competitiveness. Good for Ripple and XRP community since he was a Ripple fan during the SEC lawsuit.

Moreover, he will work towards establishing a legal framework for the crypto industry, bringing crypto regulatory clarity to promote and thrive the industry in the United States.

Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty React

Ripple CEO Brad Garlinghouse tweeted: Ripple CEO Brad Garlinghouse congratulated David Sacks on the appointment. Garlinhouse said, “He understands tech inside and out, and importantly, will push forward President Trump’s crypto and AI pro-innovation plans.”

Stuart Alderoty thinks this is another great pick by the Trump administration. Paul Atkins’ nomination as SEC Chairman to replace Gary Gensler was a huge bullish signal for the crypto industry. Alderoty said it will bring the “pro-business, pro-innovation, and fresh perspective we need.”

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XRP News: Ripple Vs SEC Lawsuit Almost Over

David Sacks has followed the Ripple vs SEC lawsuit and XRP news. An old video surfaced where he said Ripple won the case as Judge Analisa Torres ruled XRP is not a security.

John Deaton commented on the video saying it’s a total win for XRP. Price is trading above $2.35 with a $134 billion market cap.

Former CFTC Chairman Chris Giancarlo and pro-XRP lawyers are saying the Ripple vs SEC lawsuit will get dropped or dismissed. Trump’s pro-crypto team including Paul Atkins and David Sacks has increased the chances of lawsuit resolution.

Ripple CEO Brad Garlinghouse has endorsed Atkins as an “outstanding choice” to lead the SEC. Meanwhile, speculation is growing whether the US SEC will continue to litigate or let the deadline pass as we get closer to January 15.

Amid the bullish news, XRP price has rallied 400% amid the change in leadership in the government agencies. The price currently trades at $2.36, up nearly 2% in last 24 hours and 50% in a week.

XRP is up 400% since the change in administration. Currently trading at $2.36, up 2% in 24 hours and 50% in a week.

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