David Sacks leaving his position as the US government’s top advisor on artificial intelligence (AI) and cryptocurrency has sparked discussion in the industry. Many observers have noted that, during his time in the role, there weren’t any major new rules or regulations put in place.
Sacks worked for the government for the full 130 days allowed under his employment agreement, but left before Congress passed any major laws about cryptocurrency. For instance, bills like the Clarity Act are still waiting to be voted on, and there are currently no official rules in place for companies working with artificial intelligence.
Around the same time, Bitcoin’s price dropped sharply after a previous increase that happened when Sacks joined the company and people anticipated more straightforward ways for institutions to invest.
AI Frameworks Pending, Clarity Act Stalled
The response to recent policy developments has been especially noticeable in online crypto communities, highlighting a disconnect between what was expected and what has actually happened. A popular, anonymous market analyst known as “Tuki” pointed out that over the last 130 days, there’s been little progress in either crypto or AI regulation, and the hoped-for clear rules haven’t arrived.
The criticism arose because of the high expectations placed on Sacks, considering his prominent position in the White House during Donald Trump’s second term. As a seasoned Silicon Valley entrepreneur and investor – and co-founder of the venture firm Craft Ventures in 2017 – his move from a key White House role to a position on the President’s Council of Advisers on Science & Technology (PCAST) was seen as a change from directly shaping policy to simply offering advice.
Sacks plans to keep advising the government on technology matters through PCAST, a group that gives science-based recommendations on areas like innovation and new technologies. He said this new role will let him work on a wider range of tech issues, not just cryptocurrency and AI, while still supporting the administration’s new AI plan. Despite disagreeing with the change, Tuki shared their thoughts on Twitter, stating…
The adults remained in the room for over four months, and it still looks untouched. A highly influential figure in Silicon Valley landed a key position shaping national tech policy, but his most significant accomplishment seems to be the title itself.
Moves During Tenure
Looking back at his time in office, even though it was brief and sparked debate, I’ve been analyzing Sacks’ early work with digital assets. He took some significant steps, like issuing an executive order that put a hold on creating a central bank digital currency. He also established a White House group specifically to get everyone on the same page regarding crypto policy – a move I see as an attempt to bring order to a rapidly evolving space.
The government created a Bitcoin reserve and began collecting other digital assets. In July 2025, the GENIUS Act became law, providing the first national rules for stablecoins with support from both Democrats and Republicans.
Government oversight also shifted during his time in office. The Securities and Exchange Commission closed several investigations, and new leaders signaled a preference for the industry’s perspective. A particularly controversial move was cutting funding for the Consumer Financial Protection Bureau, which he personally championed.
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2026-03-28 01:16