
Slate Daily Feed What Next: TBD | The AI & Crypto Czar’s Conflicts
Dec 5, 2025
Ryan Mac, an investigative reporter for The New York Times, digs deep into the multifaceted role of David Sachs in the tech and political arenas. Mac highlights Sachs's significant stake in crypto firm BitGo and his influence in shaping U.S. AI and crypto policies. Their discussion uncovers potential conflicts of interest stemming from Sachs's retained business investments while advising the White House. They also explore Sachs's political evolution and the administration's push for deregulation in AI, raising questions about the implications for future tech policies.
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Episode notes
Stablecoin Law Boosts Crypto Infrastructure
- The Genius Act created a light-touch regulatory framework for stablecoins that the crypto industry wanted.
- Companies like BitGo stand to benefit from clearer rules and increased crypto usability.
Kraft Ventures’ Stake In BitGo
- Kraft Ventures owned about a 7.8% stake in BitGo, worth roughly $130 million at the company's last valuation.
- BitGo announced plans to go public after the Genius Act, highlighting the investor windfall.
Sachs’ Silicon Valley Trajectory
- David Sachs rose from the PayPal-era 'mafia' to found Yammer and Kraft Ventures and became a public influencer via the All In podcast.
- His Silicon Valley network and podcast amplified his political influence leading into 2024.




