David Sacks divests $200 million in crypto holdings before White House role

In March 2025, David Sacks, appointed as the AI and crypto czar for the Trump administration in the United States, sold over $200 million worth of digital asset-related investments prior to assuming his position. This move was revealed in an ethics memo from the White House, which indicated that at least $85 million of the divestment could be directly linked to Sacks himself. His decision to sell off these holdings was made to avoid any perception of conflict of interest, particularly following concerns raised by public officials including Senator Elizabeth Warren. The memo detailed that Sacks liquidated his liquid cryptocurrency assets entirely, including popular digital currencies like bitcoin, ether, and solana, in addition to shares in crypto-related companies such as Coinbase and Robinhood. Furthermore, the report noted that while Sacks divested from most of his digital assets, he still maintained a few that amounted to less than 0.1% of his total investment assets, with plans for their imminent sale. The memo, dated March 5, highlighted that Sacks' actions contrasted sharply with those of his predecessors in the previous Trump administration, where conflicts of interest were frequently overlooked.