White House Cryptocurrency Director Responds to Conflict of Interest Concerns: Cleared Cryptocurrencies Before Trump Takes Office

Golden Finance reports that David Sacks, the first White House director of artificial intelligence and cryptocurrency, confirmed on social media platforms that he sold his cryptocurrency holdings before the Trump administration took office. Correct. Before the Trump administration took office, I sold all my cryptocurrencies (including Bitcoin, Ethereum, and Solana), "Sachs wrote, forwarding a screenshot of a Financial Times report. The report emphasizes potential conflicts of interest and quotes a source as saying that Sachs has sold his cryptocurrency assets. Sachs' comment is in response to concerns online about potential conflicts of interest in his relationship with Bitwise. Bitwise has an ETF that invests in tokens such as Bitcoin, Ethereum, Ripple, Solana, and Cardano. Sachs founded venture capital firm Craft Ventures, which retains stakes in cryptocurrency startups including Bitwise.