David Sacks, an AI and cryptocurrency expert under Donald Trump in the White House, has denied media reports suggesting a change in his role. He specified that he spends 50% of his time in Washington D.C. focusing on policy-making and the other 50% staying engaged with advancements in artificial intelligence and cryptocurrency in Silicon Valley.
Cryptocurrency Responsibilities Continue
On December 21, Sacks announced on the X platform that his role remains unchanged. The newly appointed AI and cryptocurrency expert stated he would take a leadership role in shaping policies and regulations for technologies such as artificial intelligence and cryptocurrency.
Fortune reported that instead of the expected clear leadership role in AI and cryptocurrency, Sacks’s position has turned into a more general advisory one. The media claimed to have spoken with two individuals familiar with the inner workings of Trump’s transition team, indicating that Sacks’s ties to his investment firm, Craft Ventures, were a reason for this shift in role.
Sacks’s Working Plan
Sacks dismissed the report, stating, “This is completely absurd.” He emphasized that he will allocate 50% of his time to guiding policy in Washington D.C. and the remaining 50% to staying at the forefront of technological advancements in Silicon Valley, consistent with the working plan he requested.
Sacks’s statements demonstrate that the alleged changes in his role are unfounded, and he will continue to operate per his original job description. Contrary to the media’s claims, Sacks will maintain his responsibilities in policy development and technological innovation.
His working plan aims to closely monitor developments in AI and cryptocurrency to ensure government policies align with these technologies. This approach could play a critical role in integrating technological innovations into government policy.
The balance between technology and policy is seemingly a significant focus during Sacks’s tenure. His active presence in both the government and tech center enables him to effectively influence both policy and technology fields.
In light of these developments, Sacks’s role and working style could be decisive in future integrations of policy and technology. His experience and connections may have a substantial impact on future advancements in AI and cryptocurrency.
Overall, David Sacks’s statements indicate that his role remains unchanged, and he is committed to his previous plans. This situation can be viewed as a positive development for stability in ongoing efforts within AI and cryptocurrency.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
