Following the concern allegations, the White House made a statement about the crypto chief of the crypto currency crypto currency.

The newly appointed artificial intelligence to the Trump administration and Crypto para According to an ethical grade from the White House, his chief David Sacks, before taking on his role, has disposed of more than $ 200 million than investments in digital assets.

The statement summarizes Sacks’s personal and company -wide sales, which aim to avoid potential conflicts of interest.

The White House note, written by lawyer David Warrington, said that Sacks has personally sold at least $ 85 million of digital assets, and the rest was liquidated through the venture capital company Craft Ventures. However, Craft Ventures holds some investments in the funds exposed to digital assets.

The 11 -page description of 5 March, the newly appointed Health and Human Services Minister Robert F. Kennedy Jr. The much shorter presented by the two -page document is contrasting. Particularly considering the past concerns about the conflicts of interest during Trump’s first presidency, Sacks’ sales are a full contrast with other administrative officials.

Despite Sacks’ sales efforts, other well -known names in the administration continue to be closely interested in the crypto currency sector. President Donald Trump has significant shares in Trump Media & Technology Group, the mother company of Truth Social. In addition, Trump launched a large number of crypto currency attempts, including a Memecoin called Trump via CIC Digital LLC, which holds 80 %of its supply. His family also benefits from 75 %of the revenues generated by World Liberty Financial, a crypto bank founded last year.

Elon Musk, who served as the Head of the State of State Productivity (DEGE), also has significant financial interests intersecting with government policies. For example, Musk’s SpaceX company signed a $ 1.8 billion contract with its national reconnaissance office to establish a spy network.

Sacks’ sales move, the Senate Banking Committee at the beginning of the democrat Massachusetts Senator Elizabeth Warren’s criticism of the public attracted the attention of the public. Warren before the White House crypto summit last week Bitcoin, Ethereum, Solana and Trump sent a letter questioning the other beings mentioned in the strategic reserve proposal.

Sacks’s ethical statement shows that he and Craft Ventures have liquid all liquid crypto currency assets, including Bitcoin, ETH, Sol and Bitwise 10 Crypto Index Fund, Coinbase and Robinhood. It has also begun to reduce its investments in private digital asset companies, including limited joint shares in Multicoin Capital and Blockchain Capital.

Although there are several assets related to digital assets in its portfolio, they represent less than 0.1 %of total investment assets. The note states that their sale is “exact and close”.

*It is not an investment advice.