PANews reported on March 15 that according to a memorandum dated March 5 released by the White House, David Sacks, the US AI and cryptocurrency czar, sold over $200 million in digital assets through his personal and Craft Ventures companies before taking office, in order to reduce potential conflicts of interest. At least $85 million was directly attributed to David Sacks, but Craft Ventures still holds some investments in crypto-related funds.

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

Previous news reported that "crypto czar" David Sacks confirmed that he had sold all his cryptocurrency holdings before taking up his position in the US government.