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Fox News’ Brooke Singman reports the latest on President-elect Donald Trump’s Cabinet picks.

President-elect Trump named former PayPal Chief Operating Officer David Sacks to be his White House artificial intelligence (AI) and cryptocurrency czar.

“In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness,” Trump said in his announcement Thursday evening.

“David will focus on making America the clear global leader in both areas,” he said.

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David Sacks, former CEO of Yammer, speaks on stage during the Republican National Convention in Milwaukee, July 15. (Ricky Carioti/The Washington Post via Getty Images)

Trump said that Sacks would also prioritize “safeguarding” free speech and away from “Big Tech bias and censorship.”

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“He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship,” he said. “He will work on a legal framework, so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S. David will also lead the Presidential Council of Advisors for Science and Technology.”

President-elect Trump named former PayPal Chief Operating Officer David Sacks to be his White House artificial intelligence (AI) and cryptocurrency czar. (Getty Images)

Sacks, a former PayPal executive, has angel investments in several major firms, including Facebook, Uber, SpaceX, Airbnb and Palantir through his Craft Ventures fund. 

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His enterprise software company, Yammer, was acquired by Microsoft for over $1 billion in 2012. Sarah Rumpf-Whitten is a breaking news writer for Fox News Digital and Fox Business.

Story tips and ideas can be sent to sarah.rumpf@fox.com and on X: @s_rumpfwhitten.