David Sacks, the head of AI and Crypto policy at the White House, has just confirmed that he sold his entire digital asset portfolio before officially joining President Trump's administration. This move is to avoid conflicts of interest as he takes on a key role in shaping U.S. cryptocurrency policy.

Complete Crypto Divestment – A Proactive Move

In a post on X (#Twitter ), Sacks stated:
👉 "I sold all my cryptocurrency (including BTC, ETH, and SOL) before the administration started."

This statement comes after the Financial Times revealed that Sacks is in the process of evaluating the ethics of the government and will provide a full update on his personal assets once completed.

However, there are still questions about whether this statement includes indirect investments such as:
🔸 LP (liquidity pool) positions in crypto funds
🔸 Angel investments in blockchain-related companies
🔸 Indirect ownership through the Bitwise fund

Does the Investment Firm Still Hold Interests in Crypto?

Although Sacks has divested personally, the investment firm Craft Ventures, which he co-founded, still maintains investments in cryptocurrency-related startups. According to #FinancialTimes , this company sold its crypto holdings immediately after Trump took office but continued to invest in blockchain projects.

Sacks also denied allegations of having a "large indirect stake" through his investment in the Bitwise fund. He stated that he sold a $74,000 position in Bitwise ETF on January 22.

The White House Focuses on Crypto Regulation

Sacks was appointed last December to lead the working group on President Trump's digital assets. Under his leadership, the White House is implementing:
✅ Establishing a clear legal framework for crypto
✅ Considering stablecoin legislation
✅ Coordinating with the U.S. Congress to create consistent policy

Coming up, he will lead the Crypto Conference at the White House on March 7, where President Trump is expected to address top founders, CEOs, and investors in the industry. This could be a significant turning point for U.S. crypto policy in the near future.

💡 Is Sacks' complete divestment from crypto a move to maintain a neutral image, or a larger strategy for the cryptocurrency industry? Let's wait and see what happens next! 🚀 #anhbacong