Senator Elizabeth Warren (D-MA) and representative Melanie Stansbury (DN.M.) lead a group of Congressional Democrats In the investigation White House special counsel David Sacks may be in office for longer than he allowed. Sacks is the former Paypal of Craft Ventures “White House AI and Crypto Tsar” In 2024.
“Any effort to impose time limits as a Special Government Employee (SGE) will raise other ethical questions for you and the Trump administration,” the panel wrote. Letter to sack“Especially when implementing recently enacted cryptocurrency legislation and setting new rules for the crypto industry.”
In addition to being friendly to allies like the Trump campaign and Elon Musk, Sacks has also been given his stance for his knowledge of investors in the cryptocurrency and artificial intelligence industries. This constitutes a clear conflict of interest, which is only waived in the 130-day limit that SGES should provide. But, as Warren and other Democrats supporting the investigation indicated, sacks may play longer in his role.
“If you work every calendar day since the inauguration of the President, then the 130th day of your position is May 29, 2025,” the group wrote. “If you work every working day, that is, your 130th day is July 25, 2025. As of the date of this letter, it is the 167th working day of this administration.”
As part of the investigation, Sachs is expected to provide more detailed instructions to understand when and how he works in the consultant role, including if he answers government emails while working in Silicon Valley. Congressional Democrats are trying to verify violations of norms to ensure they are not violated in the future, but there are bigger moral issues to confront.
The second Trump administration is friendly to the cryptocurrency industry, which may be partly attributed to the sack effect. Trump signs an executive order to create Federal Bitcoin Inventory And sign Genius law Entering the law in July, a regulatory framework targeting stability was established, which is often associated with the value of the US dollar. Continuing to take on his role without leaving craft ventures or disclosing his investments will only raise more questions about how Sax can benefit from advice on regulation.
