Just-In: ‘AI & Crypto Czar’ David Sacks Clarifies Misinformation About His Role
Highlights
- White House 'AI and crypto czar' David Sacks denied change in his role.
- Fortune reported the leadership role is set to be more of a general advisory position.
- He will spend 50% of his time in Washington D.C. for directing policy.
Donald Trump’s White House ‘AI and crypto czar’ David Sacks has refuted a legacy media report that his role has changed. Sacks said he would spend 50% of his time in Washington D.C. guiding policy and 50% in Silicon Valley to stay connected with cutting-edge technological advancements, including artificial intelligence (AI) and cryptocurrencies.
‘AI & Crypto Czar’ David Sacks Refutes Forbes Report
David Sacks took to X on December 21 to clarify his role remains the same as he requested. The incoming AI and crypto czar said he will have a leadership role in establishing policies and regulations for technologies, such as AI and crypto.
Earlier today, Fortune reported that the AI and crypto czar role initially expected to be a cut-and-dry leadership role is set to be more of a general advisory position. The legacy media cited two people familiar with the inner workings of the Trump Vance transition team. The reason for scaling back the role was reported to be Sacks not divesting from his investment firm Craft Ventures.
“Not divesting, not taking a more formal government role, that makes it very complicated. Even if Trump and people in his administration usually see conflicts of interest as an afterthought, the situation with Sacks became an issue, even from a practical perspective.”
However, Sacks said, “This is total nonsense.” Also, he expects to spend 50% of his time in Washington D.C. directing policy. The remaining 50% in Silicon Valley staying on the cutting edge technological advancements, he added. This is in line with what David Sacks requested.
Sacks to Help Provide Crypto Clarity and More
The incoming AI & crypto czar has expressed insights on key topics including AI policy, crypto regulatory clarity, and concerns such as Operation Choke Point 2.0 and Ripple vs US SEC lawsuit.
David Sacks has rooted for end of Ripple vs SEC lawsuit. Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty said Sacks will push President Trump’s crypto and AI pro-innovation plans forward.
He also said the allegations around Operation Choke Point 2.0 deserve probe. American regulators went after 5 US banks to debank the crypto industry.
- VanEck Registers Lido Staked Ethereum Trust in Delaware, LDO Up 7%
- Fed’s Lorie Logan Urges Caution on Further Rate Cuts Citing Inflation Risks
- Nasdaq-Listed Fitell Adds Pump.fun’s PUMP To Supplement Solana Treasury
- FG Nexus to Tokenize Stock on Ethereum as SEC Weighs 24/7 Onchain Stock Trading
- Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
