Of the the assets sold, the documents said that at least $85 million “is directly attributable to Sacks.” The memo, from White House counsel David Warrington, added that Craft remains an investor in some other funds that have digital assets in their portfolios.

David Sacks divested $200M in crypto assets, including Bitcoin and Ethereum, before his White House role, impacting his portfolio.

A White House memorandum revealed that David Sacks and his venture capital firm sold more than $200 million in cryptocurrency and crypto-related stocks before he assumed his role as the White House AI and crypto czar.

David Sacks sold over $200 million in crypto investments before stepping into his role as the Trump administration’s AI and crypto czar, according to a March 5 White House memo. The document revealed that $85 million of those assets were personally owned by David,

Sacks is a “special government employee" exempt from the mandatory divestiture required of other public officeholders.

David Sacks, President Donald Trump’s adviser for artificial intelligence and cryptocurrencies, and his venture-capital firm Craft Ventures have divested more than $200 million worth of holdings related to the digital-asset industry,

David Sacks, the White House’s AI and Crypto Czar, confirmed Sunday night that he sold his entire crypto portfolio before taking office in the Trump administration. “I sold all my cryptocurrency (including BTC,

Sacks sold his digital assets before joining the Trump administration, though his venture firm maintains investments in the industry.

David Sacks, the venture capitalist advising President Trump on crypto and AI policy, sold $85 million of crypto-related assets in order to satisfy government ethics rules, according to a White House memo.