"Crypto Tsar" David Sacks sold over $200 million in digital assets through his individuals and his company before taking office

PANews reported on March 15 that according to a memorandum dated March 5 released by the White House, US AI and cryptocurrency Tsar David Sacks sold over $200 million in digital assets through his individual and his company Craft Ventures before taking office to reduce potential conflicts of interest. Of these, at least $85 million is directly attributable to David Sacks, but Craft Ventures still holds some fund investments involving crypto assets.

Sacks sold all its holdings of Bitcoin, Ethereum and Solana and cleared its shares in the Bitwise 10 Crypto Index Fund, Coinbase and Robinhood. In addition, he has also begun to withdraw from limited partnership interests in crypto investment funds such as Multicoin Capital and Blockchain Capital. It is also divesting its minority stake in Animoca Brands Co., Open Deal Inc. and Amalgamated Token Services Inc.

Previous news , "crypto czar" David Sacks confirmed that he had sold all cryptocurrency positions before taking office as the US government.