Dated March 5, the memo on Sacks’ interests in the crypto industry follows social media rumblings that the AI and crypto czar risked mixing his own business with the government’s crypto dealings. After Trump posted in early March that certain cryptocurrencies, including Solana, would be included in a national crypto reserve, critics said that Sacks was boosting his own portfolio. And more naysayers came out against Sacks once Trump officially authorized the creation of a strategic Bitcoin reserve and a digital assets stockpile later that week. “This is a direct transfer of wealth from the U.S. treasury to David Sacks and other crypto barons,” said Ryan Grim, who runs a popular account on X and a politics newsletter.
