David Sacks, a pivotal figure in crypto regulation, is currently under scrutiny regarding his adherence to the 130-day work limit as a Special Government Employee (SGE). A spokesperson recently clarified that Sacks meticulously tracks his workdays to comply with this restriction, ensuring those days are not consecutive.
The scrutiny intensified after Senator Elizabeth Warren and other lawmakers questioned whether Sacks had surpassed the permitted number of days as a Special Advisor for AI and Crypto at the White House. In a letter, Warren, along with other senators and congress members, expressed concern about Sacks’ tenure.
David Sacks and His Role in Crypto Regulation
Appointed in December 2024, Sacks’ presence sparked optimism within the crypto community, raising expectations about his influence on upcoming crypto policies before the 2026 midterm elections. However, lawmakers allege that Sacks is “deeply invested” in the crypto and AI sectors, emphasizing the need for transparency regarding his workdays since President Trump’s inauguration.
With 167 weekdays having passed, excluding public holidays, Sacks needed to ensure at least 37 days off to remain within the 130-day limit. This limit is crucial in preventing conflicts of interest, as SGEs often juggle private-sector roles alongside government duties.
Concerns Over Potential Conflicts of Interest
Lawmakers argue that Sacks’ ties to Craft Ventures and other crypto and AI companies could influence his regulatory decisions. The White House had waived certain ethics restrictions to allow Sacks to maintain his investments in these sectors.
Earlier this year, Sacks claimed to have liquidated his crypto holdings before Trump’s inauguration. Yet, Warren previously questioned these assertions, urging Sacks to disclose his financial interests publicly to the Office of Government Ethics.
Despite reaching out, Cointelegraph has not received a comment from David Sacks on these matters.
Warren’s Continuous Scrutiny of Sacks
Elizabeth Warren’s scrutiny of Sacks is not new. In March, she challenged Sacks to substantiate his claims of divesting from digital assets. Warren expressed concerns about the potential benefits to Trump and other individuals from the executive branch’s digital asset policies, emphasizing the necessity for financial transparency.
The debates surrounding David Sacks and his role in crypto regulation highlight the complexities of balancing private interests with public duties, especially in rapidly evolving sectors like cryptocurrency and AI.
