PANews reported on December 21 that crypto “Czar” David Sacks tweeted: “Some traditional media reported tonight that my role has changed. This is completely wrong. I expect to spend half of my time in Washington directing policy and the other half in Silicon Valley.”

Earlier , Fortune reported that the scope of David Sacks' responsibilities, who was originally scheduled to serve as the "AI and Cryptocurrency Czar" of the Trump administration, has changed. Two people familiar with the internal operations of the transition team said that although the "Czar" position was originally considered a clear leadership role, it is now more like a general advisory position.