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Key Points: Following the SBF fraud scandal, David Sacks critiques effective altruists. Warns their stance threatens U.S. AI race position. No immediate cryptocurrency market impact reported. David Sacks, White House Encryption and AI Director, recently emphasized concerns on May 17 via the X platform regarding the impact of effective altruists in the U.S. AI landscape. He argues that following the SBF scandal, they have adopted a “hawk” stance but maintain 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,” Sacks said. The statement targets perceived threats to U.S. AI competitiveness, emphasizing a long-term need for policy focus on sustaining American technological leadership. Market reactions remain muted, with no immediate impact on cryptocurrency valuations. Market and Policy Reactions to Sacks’ Criticism David Sacks criticized effective altruists on technology development, claiming it jeopardizes the U.S. AI race. He noted that despite the “hawk” rebranding, their agenda slows progress. This statement underscores government concerns about decelerationist influences following the SBF scandal. While there is no direct link to cryptocurrency prices, the focus on American competitiveness in AI might influence future policy directions. Did you know? U.S. government policy discourse often signals market expectations, influencing investor sentiments in AI and related tech sectors. Ethereum’s (ETH) current price is $2,511.13, with a market cap of $303.16 billion and a 24-hour volume of $13.35 billion, showing a -40.93% change. Over the past month, the price increased by 58.08%, according to CoinMarketCap at 10:20 UTC, May 18, 2025. Market and Policy Reactions to Sacks’ Criticism Did you know? U.S. government policy discourse often signals market expectations, influencing investor sentiments in…

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Filed under: News - @ May 18, 2025 10:25 am