Meanwhile, Michael Kratsios, former chief tech officer under the first Trump administration, has been tapped to handle tech policy for Trump’s transition team. Other potential members of the crypto advisory council include Paradigm, an investment firm co-founded by Fred Ehrsam, and Coinbase Ventures. The council will be staffed with execs from the crypto industry to help establish U.S. crypto policy.
Key takeaways:
- Elon Musk is reportedly tapping his Silicon Valley connections, including venture capitalists from Andreessen Horowitz and Valor Equity Partners, to assist with his advisory panel for the Department of Government Efficiency.
- The panel is looking into ways to overcome technical challenges in collecting data about federal programs and aims to recommend cuts to programs and reduce the number of federal employees.
- Andreessen Horowitz is also potentially in the running for a position on a promised Trump administration crypto advisory council, which will be staffed with executives from the crypto industry to help establish U.S. crypto policy.
- Former Thiel disciple Michael Kratsios, who served as chief tech officer under the first Trump administration, has reportedly been tapped to handle tech policy for Trump’s transition team.