White House AI and Crypto Czar David Sacks Sold Crypto Holdings

• David Sacks sold all his Bitcoin, Solana, and Ethereum holdings post-Trump’s inauguration.
• His firm, Craft Ventures, also liquidated its direct cryptocurrency investments.
• Sacks is undergoing a government ethics review and will provide updates on his holdings.

David Sacks, the White House AI and cryptocurrency czar, has confirmed that he sold all of his personal cryptocurrency holdings, including Bitcoin (BTC), Solana (SOL), and Ethereum (ETH), soon after Donald Trump’s inauguration. Additionally, Craft Ventures, the firm co-founded by Sacks, also liquidated its direct cryptocurrency investments at that time.

The news, initially reported by the Financial Times (FT) and later confirmed by Sacks himself on X (formerly Twitter), has sparked discussions regarding potential conflicts of interest in his new government role. As a high-profile figure in both the AI and crypto industries, his past investments and financial dealings are being scrutinized under a government ethics review.

Transparency Under Scrutiny

Sacks is currently undergoing a formal ethics review to ensure compliance with government financial disclosure regulations. He has stated that once the review is complete, he will provide a full update on his holdings. This process aims to maintain transparency and avoid any potential conflicts of interest as he assumes a key position in shaping AI and cryptocurrency policies within the White House.

The sale of his holdings before taking office may indicate an effort to distance himself from direct financial interests in the cryptocurrency sector. However, this move has also raised questions about the timing and rationale behind the liquidation of his assets.

According to the FT, White House AI and cryptocurrency czar David Sacks and his firm Craft Ventures both sold their direct cryptocurrency holdings soon after Trump’s inauguration. That includes all holdings in bitcoin, solana and ethereum. David Sacks also confirmed this on X.…

— Wu Blockchain (@WuBlockchain) March 3, 2025

Impact on Crypto Policy

With Sacks in a crucial advisory role on AI and cryptocurrency regulations, his actions could influence future policies in the sector. The crypto community will be closely monitoring his stance on regulations and whether his past involvement in the industry will shape his policy recommendations.

For now, all eyes are on the ethics review, as its findings could determine the level of trust in Sacks’ leadership within the administration’s AI and crypto initiatives.