- David Sacks declined the appointment as head of virtual assets and his position has been changed to a general advisor.
- AI and virtual assets technology policy work will be led by Michael Kratsios.
- Sacks stated that he will not leave Craft Ventures and will take on a role providing policy ideas.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
David Sacks
David Sacks, co-founder of Craft Ventures, who was nominated as the U.S. AI and Virtual Assets Czar, has changed his position to a general advisor.
On the 20th (local time), Fortune reported, "Sacks did not want to leave Craft Ventures, which he founded, and refused to be appointed as the head of virtual assets."
The AI and virtual assets technology policy work, which Sacks was initially expected to handle, will now be led by Michael Kratsios, who served as the Chief Technology Officer (CTO) during the first Donald Trump administration. Sacks is expected to take on a role providing policy ideas.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀PiCK News
U.S. January ADP Nonfarm Employment at 183,000... Far Exceeds Wall Street Expectations
48 minutes ago
Today, Major Exchanges See Inflow of 130 Billion USDC... "4 Times the Average Annual Daily Inflow"
2 hours ago
Bitcoin Mentioned Only Once... 'US Crypto Czar' Press Conference Leads to $100,000 Level Collapse
3 hours ago
Exchange Rate Fluctuates Amid Tariff Uncertainty... KRW-USD Rate Drops by 18.6 Won [Hankyung Foreign Exchange Market Watch]
6 hours ago![Exchange Rate Fluctuates Amid Tariff Uncertainty... KRW-USD Rate Drops by 18.6 Won [Hankyung Foreign Exchange Market Watch]](https://media.bloomingbit.io/prod/news/820bd538-f8c3-427f-b98c-2738f9b62503.webp)
US NCPPR "Intensifying Inflation... Companies Should Consider Hoarding Bitcoin"
6 hours ago
Ranking News