Deep Tide TechFlow News, on December 21, according to (Fortune) reports, insiders from the Trump administration transition team revealed that the responsibilities of the previously announced AI and cryptocurrency czar David Sacks have been reduced. Since Sacks is unwilling to give up his position at his venture capital firm Craft Ventures, his role will be adjusted from a leadership position to an advisory role, with specific policy implementation tasks being handled by former Chief Technology Officer of the Trump administration, now Scale AI executive Michael Kratsios.
It is reported that Sacks will serve as a 'special government employee', a designation that allows him to continue running his venture capital business with over $3 billion in assets under management. Despite the adjustments in responsibilities, as an important supporter of Trump, Sacks is expected to still play a significant role in shaping the new administration's technology policy.
