PANews reported on March 15 that according to a memorandum issued by the White House on March 5, the US AI and cryptocurrency czar David Sacks sold more than $200 million in digital assets through his personal and company Craft Ventures before taking office to reduce potential conflicts of interest. Of this, at least $85 million directly belonged to David Sacks, but Craft Ventures still holds some fund investments involving crypto assets.

Sacks sold all his Bitcoin, Ethereum and Solana holdings, and cleared his stakes in the Bitwise 10 Crypto Index Fund, Coinbase and Robinhood. In addition, he has begun to exit limited partnership interests in crypto investment funds such as Multicoin Capital and Blockchain Capital. He is also divesting his minority stakes in Animoca Brands Co., Open Deal Inc. and Amalgamated Token Services Inc.

Earlier news , "Crypto Czar" David Sacks confirmed that he had sold all his cryptocurrency holdings before taking office in the US government.