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

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.

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Article Details

Author / Journalist: Zayan

Category: Crypto

Markets: United Arab Emirates

Topics: Bitcoin White House Market Updates Market News Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-15 @ 06:54:47 (18 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 27021343

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 23 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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