David Sacks Confirms The Liquidation Of His Cryptos

David Sacks, recently appointed by Donald Trump as “crypto czar and artificial intelligence czar“, confirmed that he sold all his crypto assets before taking office. This decision is aimed at avoiding any conflict of interest as he is about to play a key role in American technological regulation.

David Sacks got rid of his cryptos: here’s why

David Sacks recently confirmed that he liquidated all of his cryptocurrency holdings before the administration began. In a message posted on March 2 on X, Sacks stated: “I sold all my cryptocurrencies (including BTC, ETH, and SOL) before the administration began.” This decision aims to avoid any potential conflict of interest in his new governmental roles. As the “crypto czar“, Sacks is tasked with guiding government policies with his shocking vision, in order to maintain American competitiveness.

Before his appointment, David Sacks was an active investor in the crypto sector. His investment fund, Craft Ventures, invested in companies such as Bitwise Asset Management and the cryptocurrency custodian BitGo. However, according to a source close to the matter, Sacks and his company sold their direct holdings in cryptocurrencies shortly after Trump’s inauguration.

An impartial policy

Sacks’ decision to divest from his cryptocurrency holdings before taking office reflects a desire for transparency and integrity in carrying out his new responsibilities. This approach aims to ensure that the policies he proposes will be perceived as impartial and focused on the public interest, without influence from his past personal investments.

Especially since Donald Trump just announced a crypto reserve in the United States. Indeed, on March 2, 2025, Trump announced the creation of a “Strategic Cryptocurrency Reserve” including XRP, SOL, ADA, Bitcoin, and Ethereum, aimed at strengthening the crypto industry in the United States after the “corrupt attacks” of the previous administration. This decision sparked market enthusiasm, causing prices to soar.

David Sacks’ appointment combined with his decision to sell his crypto holdings highlights the Trump administration’s commitment to promoting technological innovation while maintaining high standards of ethics and transparency. Especially since Sacks recently announced the end of restrictions in the United States.