BlockBeats reports that on December 21, AI and crypto czar David Sacks stated on social media regarding the reports: 'Some traditional media reported tonight that my role has changed, which is completely false. I expect to spend half my time in Washington guiding policy and the other half in Silicon Valley.'
According to previous reports, Fortune reported that insiders from the transition team revealed that last week the position was downgraded from a leadership role to a general advisory role, partly because Sacks was unwilling to detach from the investment firm Craft Ventures and did not want to go through a formal appointment process. In the future, Michael Kratsios will lead the technology policy work, while Sacks will provide policy insights. Despite the change in position, Sacks remains influential, frequently active in Florida and San Francisco, and meets with lawmakers. His appointment has sparked controversy over conflicts of interest, but some in Silicon Valley are optimistic, believing it may benefit startups, while others question his professionalism and worry about policy direction.