According to ChainCatcher's message, a White House memo shows that David Sacks, the U.S. government's supervisor of artificial intelligence and cryptocurrency affairs, sold over $200 million in digital asset-related investments through his personal and Craft Ventures company before taking office, in order to reduce potential conflicts of interest.

At least $85 million of this is directly attributed to Sacks, but Craft Ventures still holds some investments in funds involving crypto assets. Sacks has cleared his holdings of Bit, Ethereum, Solana, and the Bitwise 10 Crypto Index Fund (BITW), and sold his shares in Coinbase (COIN) and Robinhood (HOOD).

Additionally, he has exited investments in Multicoin Capital, Blockchain Capital, and Bitwise Asset Management, and is gradually divesting his stakes in certain private digital asset companies. However, Sacks still holds some interests in funds under Craft Ventures, which invest in companies like BitGo and Lightning Labs, and these investments are difficult to fully exit due to liquidity constraints, accounting for less than 3.8% of his total investment assets.

Sacks stated that this move is aimed at avoiding any appearance of conflicts of interest and ensuring transparency in his decision-making as a government official.