Crypto ‘czar’ David Sacks denies remit change, expected to spend half his time in Washington directing policy

PANews reported on December 21 that encryption “czar” David Sacks tweeted: “Some traditional media reported tonight that my role has changed, which is completely wrong. I expect to spend half of my time in Washington directing policy and the other half. Time in Silicon Valley.”

According to previous news , Fortune reported that David Sacks, who was originally scheduled to serve as the "AI and cryptocurrency czar" of the Trump administration, has changed his terms of reference. Two people familiar with the inner workings of the transition team said that while the "czar" position was initially conceived as a clear leadership role, it is now more of a general advisory position.