Brad Garlinghouse, the CEO of Ripple, has recently shared his thoughts on the appointment of David Sacks as the new “AI and crypto czar” of the White House. Sacks, a former COO at PayPal and a venture capitalist, has been chosen to lead the Administration in Artificial Intelligence and Cryptocurrency. This appointment comes as a significant development in the tech and crypto industry, especially given Sacks’ ties to Elon Musk.
Prior to this, Garlinghouse also commented on the resignation of Gary Gensler, the current chairman of the US Securities and Exchange Commission, who will be stepping down in January 2025. Gensler, known for his anti-crypto stance, will be replaced by former SEC Commissioner Paul Atkins.
Elon Musk and David Sacks Collaboration
David Sacks’ appointment as the AI and crypto czar of the White House has sparked speculation about a potential collaboration with Elon Musk. Sacks, who reportedly advised Musk on his Twitter acquisition, will now be leading the Council of Advisors for Science and Technology. With Musk heading xAI and Grok on X, there is a possibility of the two tech giants working together to drive innovation in the US.
Congratulations from Garlinghouse
In response to Sacks’ appointment, Brad Garlinghouse took to Twitter to congratulate him, describing Sacks as someone who “understands tech inside and out.” Garlinghouse expressed optimism about Sacks’ ability to advance the White House’s pro-innovation plans in the crypto and AI space. The Ripple CEO referred to Sacks as part of the “dream team.”
Garlinghouse also praised the selection of Paul Atkins as the new SEC chairman, calling it an “outstanding choice.” Atkins’ appointment comes at a critical time for the crypto industry, as regulators grapple with the challenges and opportunities presented by digital assets.