David Sacks Sold Over $200M in Crypto and Stocks Before White House Role Confirms Report

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TheNewsCrypto 17h ago

David Sacks Sold Over $200M in Crypto and Stocks Before White House Role Confirms Report - TheNewsCrypto

Quick Summary:

David Sacks, the newly appointed White House AI and crypto czar, offloaded over $200 million in digital assets and crypto-related stocks before assuming his role.

A White House memorandum dated March 5 confirmed that Sacks personally accounted for $85 million of the sales.

The White House, however, has granted him a limited ethics waiver, allowing participation in digital asset policy matters under specific conditions.