Donald Trump has announced the creation of a new position in his future administration — that of “crypto czar“ — to be filled by former PayPal COO David Sacks. But Sacks is not the only prominent businessperson set to take on a governing role following Trump’s inauguration. The U.S. president-elect has promised the business community sweeping tax cuts and a significant rollback of government regulations. This has sparked concerns that the wealthiest Americans could exploit the Republican monopoly on power to amass even greater wealth.

The Insider