President-elect Donald Trump has appointed David Sacks, a prominent venture capitalist and former PayPal executive, as the White House's first AI and Crypto Czar. Announced via Truth Social, Sacks will focus on establishing the U.S. as a global leader in these sectors by creating a legal framework for cryptocurrency and supporting free speech online. His appointment has been met with enthusiasm within the tech community, especially as Bitcoin recently surpassed 100,000, indicating a potential shift towards more favorable policies for innovation and growth in both AI and cryptocurrency.