US EditionTrump's AI and Crypto Czar Faces Ethics Scrutiny
David Sacks holds 449 AI-related investments and 20 crypto assets, raising ethics concerns over potential conflicts in his advisory role for the White House AI summit and policies.
- This year, Sacks, the White House's AI and crypto czar, faced ethics scrutiny over possible conflicts between his policy role and 708 tech investments, including 449 in AI, with two ethics waivers to sell most assets.
- Classifying investments as hardware or software, his public ethics filings blurred AI exposure, complicating transparency, while the All-In podcast tied to a White House AI summit solicited sponsors including a $1 million access request with two sponsors receiving only logo placements.
- Sacks's lawyers and the White House countered that the summit lost money and no VIP or presidential access was offered, while sponsors received only logo placements.
- Kathleen Clark called the arrangement `This is graft.` after reviewing his crypto waiver, while Jessica Hoffman said Sacks complied with rules and the Office of Government Ethics dictated required sales.
- Given the administration's tech agenda, the reporting raises questions about policy integrity as political figures framed Sacks as emblematic of tech influence, intensifying partisan scrutiny this year.
31 Articles
31 Articles
Trump’s Silicon Valley ‘AI and Crypto Czar’ David Sacks Apparently Enriching Himself and Friends In White House Role
SF’s own right-wing VC billionaire David Sacks was named the Trump administration’s ‘AI and Crypto Czar’ last year, and a New York Times analysis says that since then, his investments have hit the jackpot over policies he helped craft.Big-bucks Silicon Valley investor David Sacks first registered on our radar when he was largely bankrolling the Chesa Bouin recall himself back in 2021, and spent much of 2022 hyping Kremlin propaganda that Ukraine…
Silicon Valley’s Man in the White House
The New York Times profiles Trump adviser David Sacks and his massive conflicts of interest: “No event better illustrates Mr. Sacks’s ethical complexities and how his intertwined interests have come together than the July A.I. summit. Mr. Sacks initially planned for the forum to be hosted by ‘All-In,’ which he leads with other tech investors. ‘All-In’ asked potential sponsors to each pay it $1 million for access to a private reception and other …
David Sacks Calls NYT Conflict-of-Interest 'Hit Piece' a 'Willful Misunderstanding' of White House AI and Crypto Czar Role
An attorney for David Sacks called a Sunday story by the New York Times a "hit piece" and a "willful misunderstanding" of the tech mogul's special government employee status as the Trump Administration's AI and crypto adviser, saying many details of the roughly 4,000-word article, with five bylines and months of reporting behind it, are easily debunked.
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