David Sacks Clarifies Again: Not "Dumping" Cryptocurrency, but Divesting Due to Political Reasons

BlockBeats News, March 19th, White House AI and Cryptocurrency Czar David Sacks once again clarified in a post, stating, "I did not 'sell off' my cryptocurrency, but rather divested from it. Clearly, I did not want to do this, but government ethical standards required me to do so. It is an honor to be able to serve the President and the American people."

BlockBeats previously reported that on March 15th, according to a White House memo, Artificial Intelligence and Cryptocurrency Affairs Czar David Sacks sold off over $200 million in digital asset-related investments before taking office through personal and his company Craft Ventures. Of this amount, at least $85 million directly belonged to Sacks, but Craft Ventures still holds some fund investments related to cryptocurrency assets. Sacks emphasized that the asset sales were to "avoid any suspicion of conflicts of interest."