The post Democrats in Congress Call Foul on Status of Trump’s Crypto Czar David Sacks appeared on BitcoinEthereumNews.com. President Donald Trump’s top adviser on crypto, David Sacks, is working under a “special government employee” status that’s meant to be for officials serviing an important but temporary duty with the federal government, and Senator Elizabeth Warren penned a letter with other Democrats in Congress asking him whether he’s overstepped that window. Such an employee isn’t allowed to serve more than 130 days in a year, according to the law, and the Wednesday letter to Sacks asks him to put a number on the days the prominent venture capitalist has worked for Trump in the role as crypto and artificial intelligence czar. Under the rules, any day in which he’s done work counts against that 130, though in some agencies, the limit has commonly been governed by a “good faith” estimate of how long the official expects to serve. “If you have worked every business day, your 130th day was July 25, 2025,” according to the letter signed by Warren and several other members of the Senate and House of Representatives, including Bernie Sanders. The lawmakers called their review of this timeline since the January 20 start of the administration an “investigation.” “If you have indeed passed the 130th day mark, you are undermining the careful balance Congress struck in creating the SGE designation. It is only because of your designation as an SGE that you have been able to continue working for and being paid by Craft Ventures during your time in government,” read the letter. Trump has used the temporary employment status in a high-profile fashion, also employing Tesla CEO Elon Musk in that capacity. The personnel tool is designed to be used to bring expertise into government without having to clear some of the bureaucratic hoops of typical hiring. Earlier this year, other Democrats in Congress pushed… The post Democrats in Congress Call Foul on Status of Trump’s Crypto Czar David Sacks appeared on BitcoinEthereumNews.com. President Donald Trump’s top adviser on crypto, David Sacks, is working under a “special government employee” status that’s meant to be for officials serviing an important but temporary duty with the federal government, and Senator Elizabeth Warren penned a letter with other Democrats in Congress asking him whether he’s overstepped that window. Such an employee isn’t allowed to serve more than 130 days in a year, according to the law, and the Wednesday letter to Sacks asks him to put a number on the days the prominent venture capitalist has worked for Trump in the role as crypto and artificial intelligence czar. Under the rules, any day in which he’s done work counts against that 130, though in some agencies, the limit has commonly been governed by a “good faith” estimate of how long the official expects to serve. “If you have worked every business day, your 130th day was July 25, 2025,” according to the letter signed by Warren and several other members of the Senate and House of Representatives, including Bernie Sanders. The lawmakers called their review of this timeline since the January 20 start of the administration an “investigation.” “If you have indeed passed the 130th day mark, you are undermining the careful balance Congress struck in creating the SGE designation. It is only because of your designation as an SGE that you have been able to continue working for and being paid by Craft Ventures during your time in government,” read the letter. Trump has used the temporary employment status in a high-profile fashion, also employing Tesla CEO Elon Musk in that capacity. The personnel tool is designed to be used to bring expertise into government without having to clear some of the bureaucratic hoops of typical hiring. Earlier this year, other Democrats in Congress pushed…

Democrats in Congress Call Foul on Status of Trump’s Crypto Czar David Sacks

2025/09/18 18:57
Okuma süresi: 3 dk

President Donald Trump’s top adviser on crypto, David Sacks, is working under a “special government employee” status that’s meant to be for officials serviing an important but temporary duty with the federal government, and Senator Elizabeth Warren penned a letter with other Democrats in Congress asking him whether he’s overstepped that window.

Such an employee isn’t allowed to serve more than 130 days in a year, according to the law, and the Wednesday letter to Sacks asks him to put a number on the days the prominent venture capitalist has worked for Trump in the role as crypto and artificial intelligence czar. Under the rules, any day in which he’s done work counts against that 130, though in some agencies, the limit has commonly been governed by a “good faith” estimate of how long the official expects to serve.

“If you have worked every business day, your 130th day was July 25, 2025,” according to the letter signed by Warren and several other members of the Senate and House of Representatives, including Bernie Sanders. The lawmakers called their review of this timeline since the January 20 start of the administration an “investigation.”

“If you have indeed passed the 130th day mark, you are undermining the careful balance Congress struck in creating the SGE designation. It is only because of your designation as an SGE that you have been able to continue working for and being paid by Craft Ventures during your time in government,” read the letter.

Trump has used the temporary employment status in a high-profile fashion, also employing Tesla CEO Elon Musk in that capacity. The personnel tool is designed to be used to bring expertise into government without having to clear some of the bureaucratic hoops of typical hiring. Earlier this year, other Democrats in Congress pushed a bill that sought to inhibit such employees from using the role to seek financial gain, and Warren also pursued legislation to limit SGEs.

There have been more than 170 business days since Trump took office. Since then, Sacks has been running the president’s aggressive pro-crypto agenda, which has so far celebrated one major new law to regulate U.S. stablecoin issuers — leading to a White House signing ceremony that Sacks attended.

He’s also acted as the boss of the administration’s day-to-day crypto adviser, which had originally been Bo Hines until he left to work for Tether as its top U.S. executive. Patrick Witt replaced Hines as executive director of the President’s Council of Advisers on Digital Assets, and he told CoinDesk he’s still working closely with Sacks.

Source: https://www.coindesk.com/policy/2025/09/17/democrats-in-congress-call-foul-on-status-of-trump-s-crypto-czar-david-sacks

Piyasa Fırsatı
Threshold Logosu
Threshold Fiyatı(T)
$0,007086
$0,007086$0,007086
+3,44%
USD
Threshold (T) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen [email protected] ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

Thunderclap Review 2026: Is it the Best Social Media Service for Instant Gains?

Thunderclap Review 2026: Is it the Best Social Media Service for Instant Gains?

TLDR: Is Thunderclap legit? Yes, Thunderclap is a legitimate social media growth service designed to help users increase their followers, engagement, and overall
Paylaş
AI Journal2026/02/20 21:10
The GENIUS Act Is Already Law. Banks Shouldn’t Try to Rewrite It Now

The GENIUS Act Is Already Law. Banks Shouldn’t Try to Rewrite It Now

The post The GENIUS Act Is Already Law. Banks Shouldn’t Try to Rewrite It Now appeared on BitcoinEthereumNews.com. Healthy competition drives innovation and better products for consumers; it is at the center of American economic leadership. Unfortunately, now that the bipartisan GENIUS Act has been signed into law, major legacy financial institutions seem to be having second thoughts about the innovations that stablecoins can bring to financial markets. Bank lobbying groups and public affairs teams have been peppering Congress with complaints about the law, urging members to reopen debate and introduce changes to the legislation that will ensure the stablecoin market doesn’t grow too quickly, protecting banks’ profits and stifling consumer choice. This reactionary response is both overblown and unnecessary. What legacy financial firms should do instead is embrace competition and offer exciting new products and services that consumers want, not try to kneecap emerging players through anti-innovation rules and regulations. The GENIUS Act was carefully designed with a thorough bipartisan process to strengthen consumer safeguards, ensure regulatory oversight, and preserve financial stability. Efforts to roll back its provisions are less about protecting families and more about protecting entrenched banking interests from the competition that helps ensure the U.S. banking system stays the strongest and most innovative in the world. Critics warn that allowing stablecoins to provide rewards could lead to massive deposit outflows from community banks, with figures as high as $6.6 trillion cited. But closer examination shows this fear is unfounded. A July 2025 analysis by consulting firm Charles River Associates found no statistically significant relationship between stablecoin adoption and community bank deposit outflows. In fact, the overwhelming majority of stablecoin reserves remain in the traditional financial system — either in commercial bank accounts or in short-term Treasuries — where they continue to support liquidity and credit in the broader U.S. economy. The dire estimates rely on unrealistic assumptions that every dollar of stablecoin issuance permanently…
Paylaş
BitcoinEthereumNews2025/09/18 09:39
What next for XRP as volatility sinks to 2024 lows

What next for XRP as volatility sinks to 2024 lows

Markets Share Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
What next for XRP as volatility sinks to 202
Paylaş
Coindesk2026/02/20 21:08