David Sacks, White House Encryption and AI Director, recently expressed concerns regarding effective altruists' influence on U.S. AI competitiveness.
David Sacks' Position
On May 17, David Sacks criticized effective altruists on the X platform, arguing that following the SBF scandal, they adopted a 'hawk' stance while promoting a technology deceleration agenda. "After the SBF fraud scandal, effective altruists needed to reshape their image, so they tried to position themselves as 'hawks', but their technology deceleration agenda was exactly the same, which would cause the United States to lose in the artificial intelligence race," said Sacks.
Market and Policy Reactions
The SBF scandal highlights government concerns about decelerationist influences on technology development. While market reactions remain muted, the focus on U.S. AI competitiveness may influence future policy directions.
Current Cryptocurrency Price Trends
As of May 18, 2025, the price of Ethereum (ETH) stands at $2,511.13, with a market cap of $303.16 billion and a 24-hour trading volume of $13.35 billion, marking a 58.08% increase over the past month.
David Sacks' statements underscore the importance of addressing threats that may hinder technological progress in the U.S., while cryptocurrency market conditions remain shaped by broader economic trends.
