When Trump officials were asked to clarify whether the new position would be internal to the government, or whether Sachs would serve as a “special government employee,” allowing her to remain in other private sector roles, however. He did not give any answer. Sachs did not respond to a request for comment.
Sachs first made his name as one of the early employees of payments technology firm PayPal, which he created with Elon Musk, Peter Thiel, Reid Hoffman and others. Like other members of the so-called “paypal mafiaSachs established several other business ventures. In 2012 he sold workplace software company Yammer to Microsoft. $1.2 billion dealHe now runs his own venture capital firm, Craft Ventures, which is first invested At companies like AirBnb, Palantir and Slack, as well as crypto firms BitGo and Bitwise.
Sachs also co-hosts the popular in all Podcast where he has used the platform to promote Trump. He has also shared many right-wing views: At the Podcast Summit this September, Sachs questioned its effectiveness. covid vaccine,
Like Musk, Sachs was a vocal proponent of Trump during the presidential race. in one x post In June, he presented his Silicon Valley argument: “Voters have experienced four years of President Trump and four years of President Biden. In technology, we call this A/B testing,” he wrote. “With respect to economic policy, foreign policy, border policy, and legal fairness, Trump performed better. He is a President who deserves a second term.”
Same month, sex Hosted a special fundraiser For the Trump campaign, it reportedly earned $12 million. Attendees reportedly included Vice President-elect J.D. Vance — who has previously described Sachs as “one of my closest friends in the tech world” — and Cameron and Tyler Winklevoss, co-founders of crypto exchange Gemini. Founder.
The crypto market has been on a decline ever since Trump won back the Oval Office. During the race, the President-elect Hosting crypto-friendly pledgesWhich also includes a promise to establish a national “bitcoin reservesIn Sachs, Trump has chosen a czar who the crypto industry believes will deliver on his campaign promises.
Bitcoin price on December 6 Vault Over $100,000 For the first time. “you are welcome!!! [sic]Trump Posted Truth on Social.