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  • Claim
  • News event

Name

Memorandum by the White House Office of Government Ethics stating that David Sacks divested over $200 million in crypto assets, addresses concerns that he could be leveraging his government role as White House “AI and crypto czar” for personal gain

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Claim
News event

Event date

10:00pm, Friday, February 28, 2025

Quotes that support claims

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.

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Summary

Crypto news

Data block