David Sacks clarifies again: It is not a 'sale' of cryptocurrency, but a divestment due to political reasons

According to BlockBeats, on March 19th, White House AI and Cryptocurrency Director David Sacks once again clarified in a message that "I did not 'sell' my cryptocurrency, but divested it. Obviously, I was unwilling to do so, but the government's ethical standards require me to do so. It is an honor to serve President Trump and the American people. " BlockBeats previously reported that on March 15th, according to a memo released by the White House, David Sacks, the head of artificial intelligence and cryptocurrency affairs, sold over $200 million in digital asset related investments through his personal and his company Craft Ventures before taking office. Among them, at least $85 million is directly attributed to Sacks, but Craft Ventures still holds some fund investments involving cryptocurrency assets. Sacks emphasized that selling assets is to "avoid any suspicion of conflict of interest".