A recent memorandum released by the U.S. Office of Government Ethics shows that since being appointed by President Trump as the head of AI and cryptocurrency affairs at the White House, David O. Sacks and his investment firm Craft Ventures have divested over $200 million in cryptocurrency holdings, with Sacks personally withdrawing at least $85 million. Although Sacks has shed most of his cryptocurrency holdings, he and Craft Ventures still retain equity in a number of companies. The memorandum indicates that his stakes in the cryptocurrency custodian BitGo and the Bitcoin protocol developer Lightning Labs account for approximately 2.5% and 1.1% of his total assets, respectively. $BTC $ETH