White House Raises Concerns About Effective Altruism’s Tech Agenda

David Sacks, the White House official overseeing cryptocurrency and AI policy, has publicly criticized effective altruists following the Sam Bankman-Fried scandal. His comments, shared on X (formerly Twitter) on May 17th, 2025, highlighted these policy concerns. Sacks’s critique focuses on the potential impact of effective altruist policy shifts on U.S. competitiveness in artificial intelligence (AI). While the scandal impacted their reputation, no significant market reactions have been observed.