David Sacks, former PayPal manager and investor, is set to be appointed by President-elect Donald Trump as the U.S. Commissioner for Artificial Intelligence and Cryptocurrencies. Trump expressed that Sacks will lead efforts to position the U.S. as a global leader in these fields, emphasizing the importance of free speech online and creating legal frameworks for the cryptocurrency industry. The announcement has sparked significant interest in Bitcoin, which recently surpassed the $100,000 mark amid speculation of favorable regulations.