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White House unveils elite tech council to shape US crypto and AI policies

From Coinbase's founder to Nvidia's CEO, this powerhouse council could redefine America's tech future. Will Bitcoin finally get regulatory clarity?

The image shows a white background with a pie chart depicting the crypto-currency market...
The image shows a white background with a pie chart depicting the crypto-currency market capitalizations in 2016. The chart is divided into sections, each representing a different type of cryptocurrency, such as Bitcoin, Ethereum, Litecoin, and Litecoin. The text accompanying the chart provides further details about the capitalizations.

White House unveils elite tech council to shape US crypto and AI policies

The White House has revealed the first 13 members of the President's Council of Advisors on Science and Technology (PCAST). The group includes prominent figures from AI, big tech, and cryptocurrency. Their roles may shape future US policies on innovation and digital assets.

At present, Bitcoin's price remains under $67,000 as the council's formation draws attention from the industry.

The council was announced on Wednesday. It will be led by David Sacks, who also serves as the government's AI and crypto policy czar. His dual role suggests a focus on integrating digital assets into broader tech strategy.

Among the members are Marc Andreessen, co-founder of venture firm a16z, and Fred Ehrsam, who helped launch Coinbase in 2012. Andreessen has long backed Bitcoin, notably in his 2014 essay *Why Bitcoin Matters*. Ehrsam's work at Coinbase turned it into one of the largest crypto exchanges. Other tech leaders on the council include Nvidia's Jensen Huang, Meta's Mark Zuckerberg, Google's Sergey Brin, Oracle's Larry Ellison, and AMD's Lisa Su. Their combined expertise spans AI, hardware, and software development. The council's formation could lead to clearer regulations for US-based crypto firms. Industry observers expect a more supportive approach to domestic blockchain infrastructure under its guidance.

The PCAST now includes key players from crypto, AI, and major tech companies. Their recommendations may influence how the US government handles emerging technologies. Bitcoin's current price reflects ongoing market uncertainty, but the council's work could bring long-term stability to the sector.

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