David Sacks also refuted claims of large indirect crypto holdings, clarifying he only had a minor Bitwise ETF position which was sold.
On Monday, March 3, 2025, Sacks confirmed that he sold his entire cryptocurrency portfolio, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), before joining the Trump administration.
This disclosure, made in an X post on March 3, 2025, comes as Sacks prepares to lead the inaugural White House Crypto Summit on March 7, 2025, where President Donald Trump is set to deliver remarks to “prominent founders, CEOs, and investors from the crypto industry.”
The move is part of a government ethics review, ensuring no conflicts of interest as Sacks shapes federal crypto policy.
This news has sparked interest in the crypto community, given Sacks’ extensive background as a venture capitalist with ties to the sector.
