Who is David Sacks??? He serves as the Chair of the President's Working Group on Digital Asset Markets (PWG) under the Trump administration, a role he assumed following his appointment as Special Advisor for Artificial Intelligence and Crypto. The PWG was established by an executive order signed by President Trump in January 2025 with the goal of developing a comprehensive federal regulatory framework for digital assets in the United States. As chair, Sacks leads the group in coordinating regulatory and legislative recommendations to foster innovation, clarify
rules, and strengthen American leadership in the rapidly evolving digital asset ecosystem.
Sacks is a well-known Silicon Valley venture capitalist and technology industry veteran, with a background that includes founding and investing in various tech startups, including early involvement at PayPal and Craft Ventures. His appointment aligns with his deep expertise in both the tech and crypto sectors and his advocacy for a "pro-innovation" regulatory approach that aims to integrate digital assets into mainstream finance.
Despite his prominent role, Sacks has faced scrutiny regarding potential conflicts of interest due to his personal investments in AI and cryptocurrency companies. Critics have raised concerns about the potential for the administration's policies to disproportionately benefit wealthy insiders or selectively influence crypto asset markets. In response, Sacks has taken steps to divest certain holdings and has emphasized transparency and fairness in the formulation of policies.
Under Sacks’ leadership, the PWG released a major report in July 2025 outlining over 100 regulatory and legislative recommendations aimed at establishing a coherent framework for digital assets, emphasizing regulatory clarity, industry growth, and the protection of market participants. The group notably excludes some banking regulators such as the Federal Reserve, focusing instead on a unified, forward-looking approach involving agencies like the SEC, CFTC, and the Department of the Treasury.
In summary, David Sacks as chair of the PWG plays a pivotal role in shaping the Trump administration’s ambitious agenda to position the U.S. as a global leader in blockchain innovation and digital financial technology, while navigating the challenges posed by public scrutiny and ethical concerns.
