David Sacks sold $200 million in crypto-related holdings before taking White House job, ethics memo says

U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. David Sacks, the Trump administration's AI and crypto czar, sold over $200 million worth of digital asset-related investments personally and through his firm, Craft Ventures, before starting the job, according to a memo from the White House. Of the the assets sold, the documents said that at least $85 million "is directly attributable to Sacks." The memo, from White House counsel David Warrington, added that Craft remains an investor in some other funds that have digital assets in their portfolios. The disclosure, dated March 5, is 11 pages long, compared to the two-page document from Robert F. Kennedy Jr., the newly installed secretary of Health and Human Services. Sacks' divestments mark a stark contrast to the behavior of others in the administration, and follow the first Trump term, during which conflicts of interest were ... Read full article.