The post Elizabeth Warren raises ethics concerns over White House crypto czar David Sacks’ tenure appeared on BitcoinEthereumNews.com. Democratic lawmakers pressed David Sacks, President Donald Trump’s “crypto and AI czar,” on Sept. 17 to disclose whether he has exceeded the time limits of his temporary White House appointment, raising questions about possible ethics violations. In a letter signed by Senator Elizabeth Warren and seven other members of Congress, the lawmakers said Sacks may have surpassed the 130-day cap for Special Government Employees, a category that allows private-sector professionals to serve the government on a part-time or temporary basis. The Office of Government Ethics sets the cap to minimize conflicts of interest, as SGEs are permitted to continue receiving outside salaries while in government service. Warren has previously raised similar concerns around Sacks’ appointment. Conflict-of-interest worries Sacks, a venture capitalist and general partner at Craft Ventures, has played a high-profile role in shaping Trump administration policy on digital assets and artificial intelligence. Lawmakers argued that his private financial ties to Silicon Valley raise serious ethical questions if he is no longer within the bounds of SGE status. According to the letter: “When issuing your ethics waiver, the White House noted that the careful balance in conflict-of-interest rules for SGEs was reached with the understanding that they would only serve the public ‘on a temporary basis. For you in particular, compliance with the SGE time limit is critical, given the scale of your conflicts of interest.” The group noted that Sacks’ private salary from Craft Ventures is permissible only under the temporary provisions of his appointment. If he has worked past the legal limit, the lawmakers warned, his continued dual roles could represent a breach of ethics. Counting the days According to the letter, Sacks was appointed in December 2024 and began working around Trump’s inauguration on Jan. 20, 2025. By the lawmakers’ calculation, he reached the 130-day threshold in… The post Elizabeth Warren raises ethics concerns over White House crypto czar David Sacks’ tenure appeared on BitcoinEthereumNews.com. Democratic lawmakers pressed David Sacks, President Donald Trump’s “crypto and AI czar,” on Sept. 17 to disclose whether he has exceeded the time limits of his temporary White House appointment, raising questions about possible ethics violations. In a letter signed by Senator Elizabeth Warren and seven other members of Congress, the lawmakers said Sacks may have surpassed the 130-day cap for Special Government Employees, a category that allows private-sector professionals to serve the government on a part-time or temporary basis. The Office of Government Ethics sets the cap to minimize conflicts of interest, as SGEs are permitted to continue receiving outside salaries while in government service. Warren has previously raised similar concerns around Sacks’ appointment. Conflict-of-interest worries Sacks, a venture capitalist and general partner at Craft Ventures, has played a high-profile role in shaping Trump administration policy on digital assets and artificial intelligence. Lawmakers argued that his private financial ties to Silicon Valley raise serious ethical questions if he is no longer within the bounds of SGE status. According to the letter: “When issuing your ethics waiver, the White House noted that the careful balance in conflict-of-interest rules for SGEs was reached with the understanding that they would only serve the public ‘on a temporary basis. For you in particular, compliance with the SGE time limit is critical, given the scale of your conflicts of interest.” The group noted that Sacks’ private salary from Craft Ventures is permissible only under the temporary provisions of his appointment. If he has worked past the legal limit, the lawmakers warned, his continued dual roles could represent a breach of ethics. Counting the days According to the letter, Sacks was appointed in December 2024 and began working around Trump’s inauguration on Jan. 20, 2025. By the lawmakers’ calculation, he reached the 130-day threshold in…

Elizabeth Warren raises ethics concerns over White House crypto czar David Sacks’ tenure

For feedback or concerns regarding this content, please contact us at [email protected]

Democratic lawmakers pressed David Sacks, President Donald Trump’s “crypto and AI czar,” on Sept. 17 to disclose whether he has exceeded the time limits of his temporary White House appointment, raising questions about possible ethics violations.

In a letter signed by Senator Elizabeth Warren and seven other members of Congress, the lawmakers said Sacks may have surpassed the 130-day cap for Special Government Employees, a category that allows private-sector professionals to serve the government on a part-time or temporary basis.

The Office of Government Ethics sets the cap to minimize conflicts of interest, as SGEs are permitted to continue receiving outside salaries while in government service. Warren has previously raised similar concerns around Sacks’ appointment.

Conflict-of-interest worries

Sacks, a venture capitalist and general partner at Craft Ventures, has played a high-profile role in shaping Trump administration policy on digital assets and artificial intelligence.

Lawmakers argued that his private financial ties to Silicon Valley raise serious ethical questions if he is no longer within the bounds of SGE status.

According to the letter:

The group noted that Sacks’ private salary from Craft Ventures is permissible only under the temporary provisions of his appointment. If he has worked past the legal limit, the lawmakers warned, his continued dual roles could represent a breach of ethics.

Counting the days

According to the letter, Sacks was appointed in December 2024 and began working around Trump’s inauguration on Jan. 20, 2025. By the lawmakers’ calculation, he reached the 130-day threshold in late May if counting every calendar day, or late July if counting business days.

As of Sept. 17, they said, he had served for 167 days.

Alongside Warren, the letter was signed by Sens. Chris Van Hollen, Richard Blumenthal and Jeffrey Merkley, as well as Reps. Melanie Stansbury, Betty McCollum, Rashida Tlaib and Bernie Sanders.

The lawmakers requested a full accounting of Sacks’ service record and a clarification of his employment status. The White House and Sacks have not publicly responded to the inquiry.

Mentioned in this article

Source: https://cryptoslate.com/elizabeth-warren-raises-ethics-concerns-over-white-house-crypto-czar-david-sacks-tenure/

Market Opportunity
Whiterock Logo
Whiterock Price(WHITE)
$0.00008108
$0.00008108$0.00008108
+0.18%
USD
Whiterock (WHITE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight

The post American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight appeared on BitcoinEthereumNews.com. Key Takeaways: American Bitcoin (ABTC) surged nearly 85% on its Nasdaq debut, briefly reaching a $5B valuation. The Trump family, alongside Hut 8 Mining, controls 98% of the newly merged crypto-mining entity. Eric Trump called Bitcoin “modern-day gold,” predicting it could reach $1 million per coin. American Bitcoin, a fast-rising crypto mining firm with strong political and institutional backing, has officially entered Wall Street. After merging with Gryphon Digital Mining, the company made its Nasdaq debut under the ticker ABTC, instantly drawing global attention to both its stock performance and its bold vision for Bitcoin’s future. Read More: Trump-Backed Crypto Firm Eyes Asia for Bold Bitcoin Expansion Nasdaq Debut: An Explosive First Day ABTC’s first day of trading proved as dramatic as expected. Shares surged almost 85% at the open, touching a peak of $14 before settling at lower levels by the close. That initial spike valued the company around $5 billion, positioning it as one of 2025’s most-watched listings. At the last session, ABTC has been trading at $7.28 per share, which is a small positive 2.97% per day. Although the price has decelerated since opening highs, analysts note that the company has been off to a strong start and early investor activity is a hard-to-find feat in a newly-launched crypto mining business. According to market watchers, the listing comes at a time of new momentum in the digital asset markets. With Bitcoin trading above $110,000 this quarter, American Bitcoin’s entry comes at a time when both institutional investors and retail traders are showing heightened interest in exposure to Bitcoin-linked equities. Ownership Structure: Trump Family and Hut 8 at the Helm Its management and ownership set up has increased the visibility of the company. The Trump family and the Canadian mining giant Hut 8 Mining jointly own 98 percent…
Share
BitcoinEthereumNews2025/09/18 01:33
iCapital® Acquires Hexure to Create the Industry’s First End-to-End Annuity and Insurance Technology Platform

iCapital® Acquires Hexure to Create the Industry’s First End-to-End Annuity and Insurance Technology Platform

The acquisition empowers financial advisors, distributors, and insurance carriers with a single integrated platform iCapital1, the global fintech company shaping
Share
Globalfintechseries2026/03/17 22:02
Ethereum Price Prediction: ETH Targets $10,000 In 2026 But Layer Brett Could Reach $1 From $0.0058

Ethereum Price Prediction: ETH Targets $10,000 In 2026 But Layer Brett Could Reach $1 From $0.0058

Ethereum price predictions are turning heads, with analysts suggesting ETH could climb to $10,000 by 2026 as institutional demand and network upgrades drive growth. While Ethereum remains a blue-chip asset, investors looking for sharper multiples are eyeing Layer Brett (LBRETT). Currently in presale at just $0.0058, the Ethereum Layer 2 meme coin is drawing huge [...] The post Ethereum Price Prediction: ETH Targets $10,000 In 2026 But Layer Brett Could Reach $1 From $0.0058 appeared first on Blockonomi.
Share
Blockonomi2025/09/17 23:45