Crypto Czar Denies Role Change: Expected to Spend Half of His Time in Washington Directing Policy

AI and crypto czar David Sacks posted on X platform to deny reports of role change: "Some traditional media reported tonight that my role has changed, which is completely wrong. I expect to spend half of my time in Washington to guide policy and the other half in Silicon Valley." Previous news, according to Fortune, insiders of the transition team revealed that the position was reduced from a leadership role to a general advisory position last week, partly because Sacks was unwilling to leave the investment company Craft Ventures and did not want to go through the formal appointment process. In the future, Michael Kratsios will lead technology policy work, and Sacks will provide policy ideas. Despite the change in position, Sacks is still influential, often active in Florida and San Francisco, and meets with congressmen. His appointment has caused controversy over conflicts of interest, but some people in Silicon Valley are optimistic and believe that it may help start-ups, but some people are skeptical about his professionalism and are worried about the direction of policy.