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Promote with Leviathan NewsDavid Sacks, the White House’s AI and crypto czar, has pushed back on renewed conflict-of-interest criticism as questions continue over how his role is structured and what financial ties he retains. The controversy stems from his unusual position as a special government employee: according to earlier reporting, the job does not require Senate confirmation, may be part-time, and has allowed him to keep ties to his venture capital firm, Craft Ventures, while overseeing policy in sectors where he has investments and business interests. The broader context is that Sacks was brought in by President Trump to help shape policy for two fast-moving and highly regulated industries, which made his appointment popular with many crypto and tech figures but controversial among ethics watchdogs and some Democrats. Reporting has said the White House issued him conflict-of-interest waivers and later additional divestiture guidance, while lawmakers have questioned whether he has exceeded the time limits for special government employees and whether his continued involvement in crypto and AI companies could influence policy decisions. The issue matters because it sits at the intersection of government ethics, technology regulation, and crypto market structure, and because Sacks is positioned close to decisions that could affect the value and rules of the industries in which he has been active.
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Bloomberg ·
The Block ·
Coindesk ·
Cryptoinamerica ·
Theguardian ·
𝕏/@IntCyberDigest ·
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