David Sacks, recently appointed by Donald Trump as ” Crypto and artificial intelligence tsar“, Confirmed that he sold all his assets in crypto before entering into office. This decision aims to avoid any conflict of interest when it is about to play a key role in American technological regulation.
David Sacks got rid of his cryptos: this is why
David Sacks recently confirmed that he had liquidated all of his assets in cryptocurrencies before the start of the administration. In a message published on March 2 on X, Sacks said: “ I sold all my cryptocurrencies (including BTC, ETH and Sol) before the start of the administration. This decision aims to avoid any conflict of potential interest in its new government functions. Inasmuch as ” cryptocurrency », Sacks is responsible for guiding government policies with its shock vision, in order to maintain American competitiveness.
Before his appointment, David Sacks was an active investor in the Crypto sector. Its investment fund, Craft Ventures, has invested in companies such as Bitwise Asset Management and the Cryptocurrency Costaire Bitgo. However, according to a source close to the file, Sacks and his business sold their direct asleep in cryptocurrencies shortly after the inauguration of Trump.
A impartial policy
The decision of Sacks of Displaying its assets in cryptocurrencies Before taking office reflects a desire for transparency and integrity in the exercise of its new responsibilities. This approach aims to ensure that the policies he will offer will be perceived as impartials and centered on the public interest, without influence of his past personal investments.
Especially since Donald Trump has just announced a crypto reserve in the United States. Indeed, on March 2, 2025, Trump announced the creation of a “strategic reserve of cryptocurrencies” including XRP, Sol, Ada, Bitcoin and Ethereum, aimed at strengthening the crypto industry in the United States after the “corrupt attacks” of the previous administration. This decision ignited the market, causing the lessons.
The appointment of David Sacks combined with his decision to sell his assets in crypto, therefore underlines the commitment of the Trump administration to promote technological innovation while maintaining high standards of ethics and transparency. Especially since Sacks recently announced the end of restrictions in the United States.
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