David Sacks sold over $200 million in crypto assets before taking office

According to a memo released by the White House, David Sacks, the director of artificial intelligence and cryptocurrency affairs, sold over $200 million in digital asset-related investments through his personal account and his company Craft Ventures before taking office. Of this amount, at least $85 million directly belonged to Sacks, but Craft Ventures still holds some fund investments involving crypto assets. Sacks emphasized that the sale of assets was to "avoid any suspicion of conflict of interest". Sacks sold all his holdings in Bitcoin, Ethereum and Solana, and liquidated his shares in Bitwise 10 Crypto Index Fund, Coin and Robinhood. In addition, he also began to withdraw from limited partnership interests in crypto investment funds such as Multicoin Capital and Blockchain Capital.