President Donald Trump is sitting next to Crypto Emperor David at the White House Summit on March 7, 2025, in the White House in Washington, DC.
Evelyn Hockstein |Reuters
What was meant to be a short-term mission for President Donald Trump’s White House venture capitalist David Sachs, appears to have grown to something much larger, according to a major Democrat.
Senator Elizabeth Warren, D-Mass. , and Dn.M. Rep. Melanie Stansbury, working with many other progressive politicians, has questioned whether Sack has been blown past the 130-day limit for special government officials.
In a letter delivered Wednesday morning, lawmakers described the days he has worked every day since the January start date, pushing him against the bag to disclose where he has done his official business and who within the White House is monitoring his compliance.
They warned that they would “stimulate additional ethical concerns” and “stimulate additional ethical concerns” in particular to implement the recently enacted cryptocurrency laws and introduce new rules for the crypto industry.
A Sacks spokesperson told CNBC that he was staying under the 130-day limit and was carefully administering the SGE day to ensure that the day was non-continuous.
Sachs was tapped by President Trump as his “crypto and ai czar” to help shape the policies of these industries. The SGE designation allows private sector people to temporarily serve the government under loose conflict of interest rules.
In March, Sachs revealed that he sold over $200 million in digital asset-related investments, both personally and through his company, Craft Venture, according to a White House memo.
Semaphore says that even if his colleagues say they’re not going to leave, he’s splitting his time between Washington and Silicon Valley to suggest that he doesn’t wear a hat.
Warren and Stansbury argue that stretching the rules undermines the balance that Congress was hit when they created the SGE category. The investigation also comes with previous laws aimed at tightening the transparency and ethical requirements of temporary government advisors.
Additional signatories of the letter include Sen. Bernie Sanders, I-Vt. , including Democrat Sens. Richard Blumental, Chris Van Hollen, Jeff Merkley, and representatives Betty McCollum and Rashida Tribe.
The White House did not respond to requests for comment.
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