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Top Stories of The Week David Sacks’ 130-day term as Trump’s crypto and AI czar has ended David Sacks, a venture capitalist who became a special White House official under US President Donald Trump last year, has wrapped up his 130-day tenure as crypto and AI czar but will continue to shape policy in a new role. “We’ve now used up that time,” Sacks told Bloomberg on Thursday, noting that he will continue making policy recommendations across a broad range of tech industries as co-chair of the President’s Council of Advisors on Science and Technology (PCAST). Sacks has been an influential figure in the White House since Trump tabbed him in December 2024 as his key adviser on technology. Reuters noted that under ​US rules, such special ⁠government employees are limited to 130 days of work in a 12-month period. Morgan Stanley sets 0.14% Bitcoin ETF fee, lowest in market if approved Investment bank Morgan Stanley is seeking to launch its spot Bitcoin exchange-traded fund with a 0.14% fee, which would make it the cheapest in the US market and potentially force rivals to cut fees to stay competitive. The 0.14% fee, proposed in Morgan Stanley’s latest S-1 registration statement on Friday, would be one basis point below the Grayscale Bitcoin Mini Trust ETF (BTC), currently the cheapest in the US market, and 11 basis points below the BlackRock-issued iShares Bitcoin Trust ETF (IBIT). “Big move here. They are not messing around,” Bloomberg ETF analyst James Seyffart said, predicting that the Morgan Stanley Bitcoin Trust (MSBT) is “likely to launch in early April.” Interview with SBF’s parents drops chance of pardon on betting markets The chances of former FTX CEO Sam Bankman-Fried getting a pardon didn’t seem great this year, and a recent downtick on prediction markets shows that they…

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Filed under: News - @ March 31, 2026 1:27 am