David Sacks Affirms His Role in AI and Cryptocurrency Policy Development – BitRss

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 …