BIT hosted the "Trust in Digital Finance" event in Singapore, discussing governance, compliance, and operational issues in the digital asset industry. The co-founder emphasized that the approval of a Bitcoin ETF will promote the institutionalization process, with increased market demands for infrastructure. The event revolved around the "Trust White Paper," discussing frameworks for risk governance and implementation. BIT, as a digital asset financial services group, is committed to bridging traditional and digital finance, with assets under management exceeding $6 billion.

The White Whale meme coin crashed by approximately 50% on March 27, with a market cap dropping to $12 million. The well-known trader The White Whale announced his exit from the leadership role and locked up 500 million tokens. He feels exhausted due to family crises and community pressure, gradually losing enthusiasm. Investors need to be cautious of the high volatility and risks associated with meme coins.

David Sacks has concluded his 130-day tenure as the White House's cryptocurrency and artificial intelligence affairs chief and will transition to co-chair of the President's Council of Advisors on Science and Technology, continuing to influence U.S. technology policy. He will focus on advancing a unified regulatory framework for artificial intelligence and engage in policy research across several key areas. This change may affect the future coordination of cryptocurrency and AI regulation.

White House senior adviser David Sacks will continue to lead in the areas of artificial intelligence and cryptocurrency, and has been appointed co-chair of the President’s Council of Advisors on Science and Technology, with the goal of advising on key technical issues and advancing the 2026 priorities proposed by Trump.

Gate News reports that on March 27, according to Fox Business, a senior advisor at the White House stated that David Sacks will continue to serve as the head of the White House's artificial intelligence and cryptocurrency sectors, while also being appointed as the co-chair of the President's Council of Advisors on Science and Technology (PCAST). As of now, David Sacks's affiliated X account at the White House still shows the description as "White House A.I. & Crypto.

BlockBeats News, March 27 — According to CNBC, David Sacks announced his resignation from his roles as White House AI and Crypto Director.

Gate News bot message, David Sacks has departed from his role as White House AI and Crypto Czar, according to The Information. Sacks previously held this position overseeing artificial intelligence and cryptocurrency policy matters within the administration.

The White House Office of Information and Regulatory Affairs has reviewed the Department of Labor's proposal to include alternative assets, including digital assets, in 401(k) plans. This move implements the executive order from former President Trump and signals a shift in the federal government's attitude toward digital assets. The Department of Labor will initiate a public comment period and plans to introduce new regulations in the future.

The proposed rule by the U.S. Department of Labor has been approved by the White House, potentially allowing cryptocurrencies and private equity to be included in 401(k) plans, aiming to change investment options in the $10 trillion market. The proposal originates from an executive order by Trump, emphasizing the facilitation of alternative investments.