David Sacks, who was appointed to the role of "White House Czar for AI and Crypto", officially confirmed today that he had sold his entire digital asset portfolio, including Bit, Ether, and Solana, before joining the Trump administration.
"I sold all of my cryptocurrencies (including BTC, ETH, and SOL) before starting to work for the government," Sacks said in response to a tweet by Financial Times reporter George Hammond, who had previously reported that Trump's "Crypto Czar" had sold his personal cryptocurrency holdings.
While his venture capital firm, Craft Ventures, continues to maintain investments in cryptocurrency startups, both Sacks and the firm have divested from direct cryptocurrency holdings since President Trump took office.
Sacks is expected to chair the White House's first Cryptocurrency Summit next Friday. The event will bring together top leaders in the cryptocurrency industry along with the President's Task Force on Digital Assets. This is part of the administration's initiative to position the United States as a global leader in cryptocurrency and to develop clear and comprehensive legal guidelines for the industry.
Disclaimer: This article is for informational purposes only and not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.
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