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Trump Appoints Former PayPal Exec David Sacks as AI and Crypto Czar

US businessman David Sacks speaks during the first day of the 2024 Republican National Convention in Milwaukee, Wisconsin, on July 15, 2024 (AFP).
US businessman David Sacks speaks during the first day of the 2024 Republican National Convention in Milwaukee, Wisconsin, on July 15, 2024 (AFP).
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Trump Appoints Former PayPal Exec David Sacks as AI and Crypto Czar

US businessman David Sacks speaks during the first day of the 2024 Republican National Convention in Milwaukee, Wisconsin, on July 15, 2024 (AFP).
US businessman David Sacks speaks during the first day of the 2024 Republican National Convention in Milwaukee, Wisconsin, on July 15, 2024 (AFP).

US President-elect Donald Trump on Thursday said he was appointing former PayPal Chief Operating Officer David Sacks as his "White House A.I. & Crypto Czar," another step towards overhauling US policy.
"He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the US," Trump said in a post on his social-media site Truth Social, without saying whether "czar" was an official title.
The crypto czar and other officials in Trump's incoming administration such as the chairs of the Securities and Exchange Commission and Commodity Futures Trading Commission are expected to reshape US policy on digital currency along with a newly created crypto advisory council.
Trump's tech backers generally want to see minimal regulation around artificial intelligence and cryptocurrencies such as bitcoin, saying Washington would throttle growing innovative sectors with excessive rules.
Elad Gil, an entrepreneur who has invested in companies such as Airbnb and the cryptocurrency platform Coinbase, called the choice of Sacks a "strong move" in a post on X. OpenAI CEO Sam Altman wrote on X, "congrats to czar @DavidSacks!"
"Sacks will likely have a light touch on regulation, but not without some guardrails," Steve Jang, founder of Kindred Ventures, told Reuters. Jang has co-invested with Sacks in both cryptocurrency and AI startups.
He predicted that Sacks will prioritize regulating how AI is used in certain critical applications instead of focusing on regulating the development of the AI models themselves. This distinction was a key point of contention for Silicon Valley investors who vehemently opposed California's unsuccessful SB 1047 bill, which sought to regulate AI model development.
Trump announced on Wednesday that he was nominating prominent Washington lawyer and crypto advocate Paul Atkins to lead the SEC, in a move celebrated by the industry.
Trump - who once labeled crypto a scam - embraced digital assets during his campaign, promising to make the United States the "crypto capital of the planet" and to accumulate a national stockpile of bitcoin.
Bitcoin broke $100,000 for the first time on Wednesday night, a milestone hailed even by skeptics as a coming-of-age for digital assets as investors bet on a friendly US administration to cement the place of cryptocurrencies in financial markets.
Matthew Dibb, chief investment officer at cryptocurrency asset manager Astronaut Capital, described the news as extremely bullish. "David has had somewhat of a hands-on approach to crypto over the years, at times holding coins such as solana. He appears to be a lot more technically and commercially competent regarding crypto than most would think," Dibb said.
Born in South Africa, Sacks, 52, is a co-founder of venture capital firm Craft Ventures and an early leader of PayPal, a payment processing firm that was acquired by eBay in 2002.
Sacks is considered a member of the "PayPal Mafia" of former workers and executives at the digital finance firm that includes prominent Trump supporters Peter Thiel and Elon Musk.
Musk, the Tesla CEO who leads artificial intelligence startup xAI, is a crypto fan and was appointed by Trump as co-lead of the new Department of Government Efficiency. The advisory board to streamline government is nicknamed DOGE, the name of a cryptocurrency.
Sacks is also a former chief executive of software company Zenefits and founded Yammer, a social network for enterprise users.
He was an early evangelist of cryptocurrencies, telling CNBC in a 2017 interview that he believed the rise of bitcoin, the world's largest cryptocurrency, was revolutionizing the internet.
"It feels like we are witnessing the birth of a new kind of web. Some people have called it the decentralized web or the internet of money," he said.
Trump said Sacks will also lead a White House advisory council on science and technology.

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World

Iran to Consider Lifting Internet Ban; State TV Hacked

People walk past a burnt-out building destroyed during public protests in the Iranian capital Tehran on January 19, 26. (AFP)
People walk past a burnt-out building destroyed during public protests in the Iranian capital Tehran on January 19, 26. (AFP)
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Iran to Consider Lifting Internet Ban; State TV Hacked

People walk past a burnt-out building destroyed during public protests in the Iranian capital Tehran on January 19, 26. (AFP)
People walk past a burnt-out building destroyed during public protests in the Iranian capital Tehran on January 19, 26. (AFP)

Iran may lift its internet blackout in a few days, a senior parliament member said on Monday, after authorities shut communications while they used massive force to crush protests in the worst domestic unrest since ​the 1979 revolution.

In the latest sign of weakness in the authorities' control, state television appeared to be hacked late on Sunday, briefly showing speeches by US President Donald Trump and the exiled son of Iran's last shah calling on the public to revolt.

Iran's streets have largely been quiet for a week since anti-government protests that began in late December were put down in three days of mass violence.

An ‌Iranian official ‌told Reuters on condition of anonymity that the ‌confirmed ⁠death ​toll ‌was more than 5,000, including 500 members of the security forces, with some of the worst unrest taking place in ethnic Kurdish areas in the northwest. Western-based Iranian rights groups also say thousands were killed.

Opponents accuse the authorities of opening fire on peaceful demonstrators to crush dissent. Iran's clerical rulers say armed crowds egged on by foreign enemies attacked hospitals and mosques.

The death tolls dwarf ⁠those of previous bouts of anti-government unrest put down by the authorities in 2022 and 2009. ‌The violence drew repeated threats from Trump ‍to intervene militarily, although he has backed ‍off since the large-scale killing stopped.

INTERNET TO RETURN WHEN 'CONDITIONS ARE APPROPRIATE'

Ebrahim ‍Azizi, the head of parliament's National Security and Foreign Policy Committee, said top security bodies would decide on restoring internet in the coming days, with service resuming "as soon as security conditions are appropriate".

Another parliament member, hardliner Hamid Rasaei, said authorities should ​have listened to earlier complaints by Supreme Leader Ali Khamenei about "lax cyberspace".

Iranian communications including internet and international phone lines were ⁠largely stopped in the days leading up to the worst unrest. The blackout has since partially eased, allowing accounts of widespread attacks on protesters to emerge.

During Sunday's apparent hack into state television, screens broadcast a segment lasting several minutes with the on-screen headline "the real news of the Iranian national revolution".

It included messages from Reza Pahlavi, the US-based son of Iran's last shah, calling for a revolt to overthrow rule by the clerics who have run the country since the 1979 revolution that toppled his father.

Pahlavi has emerged as a prominent opposition voice and has said he plans ‌to return to Iran, although it is difficult to assess independently how strong support for him is inside Iran.

World

12 Schoolchildren Killed in South Africa Crash

File photo: A general view of the scene of a bus accident in Ekurhuleni on March 11, 2025. (AFP)
File photo: A general view of the scene of a bus accident in Ekurhuleni on March 11, 2025. (AFP)
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12 Schoolchildren Killed in South Africa Crash

File photo: A general view of the scene of a bus accident in Ekurhuleni on March 11, 2025. (AFP)
File photo: A general view of the scene of a bus accident in Ekurhuleni on March 11, 2025. (AFP)

A minibus carrying school students collided with a truck south of Johannesburg on Monday, killing 12 pupils, police said.

It was the latest in a string of deadly crashes in a country whose modern road network is undermined by rampant speeding, reckless driving and poorly maintained vehicles.

The crash happened near the industrial city of Vanderbijlpark, about 60 kilometers (40 miles) south of Johannesburg.

Police said the driver of the minibus appeared to have lost control while attempting to overtake other vehicles.

Eleven students died at the scene and another in hospital, provincial education minister Matome Chiloane told reporters at the scene.

He did not know the ages of the children involved but said they were from primary schools, where pupils are aged from six years, and also high schools.

Images on social media showed the crushed minibus on the roadside with distraught parents gathered behind the police tape. Some broke down in wails when they were allowed to see the bodies.

"It is a terrible scene," Gauteng premier Panyaza Lesufi said.

More than 11,400 lives were lost on South African roads in 2025, according to the latest data from the transport ministry.

Many South African parents have to rely on private minibuses to get their children to school.

In October, 18 children were badly hurt when their minibus lost control and overturned on a highway in KwaZulu-Natal.

At least five students were killed and eight others injured in September when a school minibus ploughed into a creche in a KwaZulu-Natal township.

World

Glitch Delays Restart of World's Biggest Nuclear Plant in Japan

Local Japanese authorities have approved the restart of the world's biggest nuclear power facility, the Kashiwazaki-Kariwa Nuclear Power Plant, for the first time since the 2011 Fukushima disaster. STR / JIJI Press/AFP
Local Japanese authorities have approved the restart of the world's biggest nuclear power facility, the Kashiwazaki-Kariwa Nuclear Power Plant, for the first time since the 2011 Fukushima disaster. STR / JIJI Press/AFP
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Glitch Delays Restart of World's Biggest Nuclear Plant in Japan

Local Japanese authorities have approved the restart of the world's biggest nuclear power facility, the Kashiwazaki-Kariwa Nuclear Power Plant, for the first time since the 2011 Fukushima disaster. STR / JIJI Press/AFP
Local Japanese authorities have approved the restart of the world's biggest nuclear power facility, the Kashiwazaki-Kariwa Nuclear Power Plant, for the first time since the 2011 Fukushima disaster. STR / JIJI Press/AFP

A technical glitch pushed back the restart of the world's biggest nuclear reactor in Japan, its operator said on Monday, a day before local media reported it would go online.

Tokyo Electric Power Company (TEPCO) said it would need another day of two to check the equipment at the Kashiwazaki-Kariwa plant, which media reports said was set to restart on Tuesday.

The plant was taken offline when Japan pulled the plug on nuclear power after a colossal earthquake and tsunami sent three reactors at the Fukushima plant into meltdown in 2011.

The Kashiwazaki-Kariwa facility would be the first nuclear plant that Fukushima operator TEPCO restarts since the disaster.

The company has never publicly announced a date to switch on the plant.

TEPCO has decided to run more checks after detecting a technical issue on Saturday related to an alarm linked to one of the reactors at Kashiwazaki-Kariwa, company spokesman Isao Ito told AFP.

The alarm issue had been fixed by Sunday, he added.

After the final checks, the utility will explain to nuclear authorities what had happened and proceed to restart the plant, the spokesman said, without providing an exact timeline.

More than a decade since the Fukushima accident, Japan now wants to revive atomic energy to reduce its dependence on fossil fuels, achieve carbon neutrality by 2050 and meet growing energy needs from artificial intelligence.

But it is a divisive issue, with many residents worried about nuclear safety.

About 50 people gathered Monday outside TEPCO's headquarters in the capital Tokyo, chanting "No to the restart of Kashiwazaki-Kariwa!"

"TEPCO only mentions a possible delay. But that's not enough," said Takeshi Sakagami, president of the Citizens' Nuclear Regulatory Watchdog Group.

"A full investigation is needed, and if a major flaw is confirmed, the reactor should be permanently shut down," he said at the rally.

The reactor has cleared the nation's nuclear safety standard.

Prime Minister Sanae Takaichi has voiced her support for the use of nuclear power.

Japan is the world's fifth-largest single-country emitter of carbon dioxide, and is heavily dependent on imported fossil fuels.