TLDR David Sacks has denied allegations of exceeding the 130-day limit for special government employees. Lawmakers, led by Senator Elizabeth Warren, have raised concerns about Sacks’ compliance with the workday restrictions. A spokesperson for Sacks emphasized that he carefully manages his workdays to stay within the legal limit. Sacks has strong ties to the crypto [...] The post David Sacks Denies Exceeding Workday Limit Amid Warren’s Scrutiny appeared first on CoinCentral.TLDR David Sacks has denied allegations of exceeding the 130-day limit for special government employees. Lawmakers, led by Senator Elizabeth Warren, have raised concerns about Sacks’ compliance with the workday restrictions. A spokesperson for Sacks emphasized that he carefully manages his workdays to stay within the legal limit. Sacks has strong ties to the crypto [...] The post David Sacks Denies Exceeding Workday Limit Amid Warren’s Scrutiny appeared first on CoinCentral.

David Sacks Denies Exceeding Workday Limit Amid Warren’s Scrutiny

2025/09/19 04:06
3 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

TLDR

  • David Sacks has denied allegations of exceeding the 130-day limit for special government employees.
  • Lawmakers, led by Senator Elizabeth Warren, have raised concerns about Sacks’ compliance with the workday restrictions.
  • A spokesperson for Sacks emphasized that he carefully manages his workdays to stay within the legal limit.
  • Sacks has strong ties to the crypto and AI industries, which has sparked concerns about potential conflicts of interest.
  • The lawmakers have requested transparency regarding how many days Sacks has worked since President Trump’s inauguration.

David Sacks, the White House’s Special Advisor for AI and Crypto, has denied allegations that he exceeded his 130-day limit as a special government employee (SGE). The controversy arises after scrutiny from several US lawmakers, including Senator Elizabeth Warren. Sacks has defended his actions, stating that he carefully manages his days to remain within the allowed limit.

Lawmakers Question David Sacks’ Compliance with SGE Limits

On Wednesday, US lawmakers, led by Senator Warren, sent a letter to Sacks raising concerns over his role. They questioned whether Sacks had breached the limit of 130 workdays, a restriction for special government employees. This role is temporary, and the number of days spent in service is capped to avoid conflicts of interest.

The lawmakers specifically noted that Sacks, who has strong ties to the crypto and AI sectors, might have crossed the limit. They argued that his private investments in these industries could conflict with his government duties. Sacks was appointed in December 2024, leading to speculation about his influence on policy decisions before the 2026 midterm elections.

Sacks Defends His Role and Day Management

In response to the allegations, a spokesperson for David Sacks told CNBC that he is careful about managing his SGE days.

The spokesperson emphasized that Sacks has followed the rules and remains within the restrictions set for his role.

The spokesperson also clarified that Sacks’ days as a special government employee are meticulously tracked to comply with the law.

The lawmakers had expressed concerns about Sacks’ potential influence in the crypto and AI industries, which he is deeply invested in through his company, Craft Ventures.

Lawmakers Continue Scrutiny Over David Sacks’ Role and Investments

The lawmakers pointed out that Sacks maintains investments in companies directly related to the industries he regulates. They argued that these investments, combined with his influential government position, could create conflicts of interest. They also demanded transparency on how many days Sacks has worked since President Donald Trump’s inauguration in January 2024.

As of Wednesday, 167 weekdays had passed since the inauguration, which means Sacks had to take at least 37 days off to stay under the 130-day limit. The lawmakers requested Sacks disclose his workdays to ensure that he has not breached the legal limits for special government employees.

David Sacks continues to face scrutiny as lawmakers investigate his compliance with federal rules. However, Sacks and his spokesperson maintain that all actions taken during his tenure have adhered to the legal guidelines for special government employees.

The post David Sacks Denies Exceeding Workday Limit Amid Warren’s Scrutiny appeared first on CoinCentral.

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 crypto.news@mexc.com 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

HOT MOMENTS: FOMC Statement Released Following the Fed Interest Rate Decision – Here Are All the Details of the Full Text

HOT MOMENTS: FOMC Statement Released Following the Fed Interest Rate Decision – Here Are All the Details of the Full Text

The post HOT MOMENTS: FOMC Statement Released Following the Fed Interest Rate Decision – Here Are All the Details of the Full Text appeared on BitcoinEthereumNews.com. The Fed has resumed interest rate cuts after a nine-month hiatus, lowering the federal funds rate by 25 basis points to a range of 4% to 4.25%. According to the “dot plot” projection reflected in the decision text, two additional interest rate cuts are envisaged in 2025. While 9 out of 19 officials expected two more interest rate cuts this year, 2 predicted a single cut, and 6 predicted no additional cuts. Newly appointed Fed Board member Stephen I. Miran dissented from the decision, voting for a stronger 50 basis point cut. The decision noted that economic growth slowed in the first half of the year, employment growth slowed, and the unemployment rate rose slightly. It also noted that inflation had begun to rise but remained high. While reiterating that it maintains its long-term targets of maximum employment and 2% inflation, the Fed noted that uncertainties regarding the economic outlook remain high. The statement read, “The Committee assesses that downside risks to employment have increased, in line with the balance of risks.” The statement stated that interest rate policy will be reshaped in the coming period, taking into account future data, the economic outlook, and the balance of risks. It also noted that the reduction in holdings of Treasury bonds, corporate debt instruments, and mortgage-backed securities will continue. The resolution was supported by Fed Chair Jerome Powell, Vice Chair John C. Williams, and board members Michael S. Barr, Michelle W. Bowman, Susan M. Collins, Lisa D. Cook, Austan D. Goolsbee, Philip N. Jefferson, Alberto G. Musalem, Jeffrey R. Schmid, and Christopher J. Waller. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/hot-moments-fomc-statement-released-following-the-fed-interest-rate-decision-here-are-all-the-details-of-the-full-text/
Share
BitcoinEthereumNews2025/09/18 14:18
Midnight is Predicted to Drop to $0.042605 By Mar 15, 2026

Midnight is Predicted to Drop to $0.042605 By Mar 15, 2026

The post Midnight is Predicted to Drop to $0.042605 By Mar 15, 2026 appeared on BitcoinEthereumNews.com. Disclaimer: This is not investment advice. The information
Share
BitcoinEthereumNews2026/03/10 22:10
Whale Already Holding Long Position Buys ETH, Price Spike?

Whale Already Holding Long Position Buys ETH, Price Spike?

A crypto whale has accumulated ETH by spending USDT. Another whale had earlier withdrawn BTC from platforms. Both actions have triggered speculation around the
Share
Thenewscrypto2026/03/10 18:59