David Sacks completed his 130-day term and left: The "CLARITY Act" remains unresolved, raising industry concerns about policy outcomes

On March 28, David Sacks, the U.S. government's special advisor on artificial intelligence and cryptocurrency, officially concluded his term and departed. This veteran Silicon Valley investor only served for 130 days, reaching the legal service limit for the position.

It is noteworthy that Sacks's departure coincides with several key pieces of legislation remaining unresolved, which has sparked widespread skepticism in the industry regarding the effectiveness of his policies.

Specifically, during his time as a special government employee, Sacks not only failed to advance comprehensive cryptocurrency legislation like the "CLARITY Act" through Congress, but a formal regulatory framework for AI companies has also yet to be established.

In this situation, practitioners and observers in the cryptocurrency field reacted particularly strongly, beginning to reassess the gap between initial expectations for the policies and the actual policies that were produced.

An anonymous commentator, "Tuki," stated that during Sacks's 130-day term, progress on cryptocurrency and AI policies was minimal, and the anticipated clarity in regulation did not materialize. Therefore, public sentiment about his experience in the White House was understandably one of disappointment.

However, there were indeed some policy advancements during Sacks's term. He not only helped facilitate the passage of the "GENIUS Act," a piece of stablecoin legislation, but also played a role in the policy formulation of several early digital asset initiatives.

These included an executive order banning the development of central bank digital currencies and the establishment of a White House working group to coordinate cryptocurrency policies, although the subsequent cryptocurrency market structure bill, the "CLARITY Act," has been repeatedly delayed due to partisan politics and industry concerns.

It is worth noting that although Sacks's term has ended, he will transition to co-chair of the President's Council of Advisors on Science and Technology (PCAST), enabling him to provide advice in a broader technological field, not limited to AI and cryptocurrency.

In summary, as Sacks transitions to an advisory role, the ultimate effectiveness of advancing digital asset policy will still depend on whether his successor can find a balance between partisan maneuvering and industry demands.

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