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,

David Sacks, the venture capitalist advising President Trump on crypto and AI policy, sold $85 million of crypto-related assets in order to satisfy government ethics rules, according to a White House memo.

David Sacks, President Donald Trump's AI and crypto czar, sold off more than $200M worth of holdings tied to the digital asset space prior to Trump's inauguration, including equity stakes in Coinbase Global (COIN) and Robinhood Markets (HOOD).

David Sacks divested $200M in crypto assets, including Bitcoin and Ethereum, before his White House role, impacting his portfolio.

David Sacks sold over $200 million in crypto investments before stepping into his role as the Trump administration’s AI and crypto czar, according to a March 5 White House memo. The document revealed that $85 million of those assets were personally owned by David,

David Sacks, the White House’s “Crypto Czar,” highlighted a significant financial oversight by the U.S. government that cost it billions in gains. What Happened: The Department of Justice (DOJ) could have secured over $17 billion had it retained its Bitcoin (CRYPTO: BTC) holdings instead of selling them prematurely,

David Sacks, President Donald Trump’s adviser for artificial intelligence and cryptocurrencies, and his venture-capital firm Craft Ventures have divested more than $200 million worth of holdings related to the digital-asset industry,