“A whole-of-government approach that collaborates closely with private industry is essential to winning the AI race, and a designated AI leader in the Administration can help do that,” Tony Samp, the head of AI policy at the law firm DLA Piper, tells TIME.

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,

Trump announced that David O. Sacks will be the new White House AI and crypto czar in a post on Thursday night.

Trump's tech backers generally want to see minimal regulation around artificial intelligence and cryptocurrencies such as bitcoin.

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