AI encryption Tsar David Sacks refutes the false report of Fortune: saying that I will be downgraded is simply nonsense

US President-elect Trump's first 'AI encryption czar' David Sacks, appointed by Trump, refuted Fortune's false reports on 12/21, stating that he would actively engage in the promotion of AI and cryptocurrency-related policies. He emphasized that he would allocate time to both the White House and Silicon Valley in the future, ensuring a balance between policy-making and technological innovation.

Wealth is downgraded, and Sacks responds directly: Nonsense

According to Fortune, Sacks' role has been 'downgraded' from leader to consultant, and the downgrade is attributed to Sacks' continued involvement in his own venture capital firm, Craft Ventures. Fortune goes further to say that there are concerns within the Trump administration about Sacks' failure to avoid suspicion. However, Sacks tweeted on 12/21, directly criticizing Fortune for 'talking nonsense'.

He said, 'Some old media reports there say that my position will change, which is absolute nonsense. In the future, I will devote half of my time to White House policy making and the other half to keeping up with the latest technology trends in Silicon Valley. This arrangement is just right for the role of technology policy and is exactly what I asked for.'

David Sacks criticized the wealth of nonsense on Twitter. Why choose David Sacks? Trump's cryptocurrency layout has sparked heated discussion.

Since Trump's election promise to relax Cryptocurrency policy regulation, the entire market is full of expectations for the future of the encryption industry in the United States. Sacks, a member of the "PayPal Mafia" and a well-known Silicon Valley investor, announced himself as a long-term supporter of Trump and held a fundraising event in San Francisco in June last year to raise funds for Trump in the tech industry and help Trump gain attention in the tech community.

After Sacks was appointed as the White House AI encryption czar by Trump, it sparked a heated discussion. Industry figures such as MicroStrategy founder Michael Saylor and encryption-friendly Senator Cynthia Lummis have high hopes for Sacks, believing that his joining will push the United States to take a leading position in global technological and financial innovation.

(Trump appoints Silicon Valley venture capitalist David Sacks as White House AI encryption czar, expected to collaborate with Musk)

This article AI encryption tsar David Sacks refutes the 'Fortune' false report: saying that I will be downgraded, it's nonsense first appeared on ChainNews ABMedia.