- Crypto & AI Czar David Sacks confirmed on X that he sold all his crypto holdings before the start of administration.
- David Sacks’ prior crypto investment portfolio included Bitcoin, Ether, and Solana.
White House Crypto & AI Czar appointed by US President Donald Trump, David Sacks, sold all his crypto holdings before the administration began. Responding to a post citing a Financial Times report, Sacks confirmed that he doesn’t hold any crypto investments. Sacks is one of the key personalities behind crypto policies and regulations in the US.
Correct. I sold all my cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration. https://t.co/dN6nuGQUtu
— David Sacks (@DavidSacks) March 3, 2025
David Sacks stated that he sold his cryptocurrencies, including BTC, ETH, and SOL, before the start of the administration. He was responding to a post on X shared by George Hammond that includes details about Sacks’ crypto investments. Even though Sacks sold his personal crypto holdings, his venture capital firm, Craft Ventures, retains investments in crypto startups.
The Financial Times report further stated that Sacks is currently in the process of a government ethics review. After its completion, he will provide a full update on his holdings, a person familiar with the matter told FT.
The conflict of interest emerged over David Sacks’ crypto investments because Craft Ventures holds investments in crypto firms such as Bitwise, Multicoin Capital and BitGo among others.
Sacks Prioritizes US Crypto Regulation Over Personal Crypto Investment
Keeping the government ethics review of David Sacks aside, it is clear that Sacks prioritized US crypto regulation over his crypto investments. Sacks was a long-term Bitcoin investor who strongly believes in the fundamentals of Bitcoin. He was also bullish on Solana and held his SOL investment under different market conditions.
In a podcast with Anthony Pompliano, David Sacks said,
“What Bitcoin offers is a different kind of currency where it’s not backed by a government; it’s backed by math; it’s backed by encryption. You don’t have to trust the government. There will only be 21 million BTC. You just have to trust that Bitcoin effectively won’t be cracked.”
Sacks statement shows how much he believes in the blockchain encryption behind Bitcoin, Despite being a pro-crypto investor, Sacks decided to sell his crypto holdings before the administration to ensure there is clear regulation in place in the US.
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