David Sacks, AI and czar for the White House, has criticized the media for what he described as an unfair portrayal of his decision to liquidate his digital asset holdings.
He clarified that the move was not a reflection of lost confidence in digital assets but a necessary step to comply with government ethics rules.
Sacks Speaks Out
In a March 18 post on X, Sacks responded to reports claiming he “dumped” his crypto investments, stating:
“Why does the media always want to portray crypto in the worst light? I did not ‘dump’ my cryptocurrency; I divested it.”
According to the U.S. Office of Government Ethics, officials with personal digital asset investments must liquidate their holdings before participating in crypto-related policymaking.
Earlier this month, Sacks confirmed that he had sold all his digital assets. A March 5 government memo revealed that he and his investment firm, Craft Ventures, divested over $200 million in crypto holdings following his appointment by Pr
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