David Sacks, who serves as the White House AI & Crypto Czar, has confirmed that he does not hold cryptocurrency assets due to his governmental responsibilities.
Sacks' Latest Declarations
David Sacks recently confirmed that he has no direct investments in cryptocurrency due to his government role. He clarified that he previously owned Bitcoin, Ethereum, and Solana, which were sold before taking office.
Sell-Off of Cryptocurrency Assets
Despite the lack of direct crypto holdings, David Sacks remains indirectly involved through Craft Ventures. The firm supports various crypto projects, such as Bitwise Asset Management and Lightning Labs. However, sources report that Sacks and Craft Ventures sold their direct crypto holdings shortly after Donald Trump took office.
Future U.S. Government Plans
President Donald Trump recently announced the creation of a national crypto strategic reserve, which will include assets like Bitcoin, Ethereum, and Solana. On December 6, 2024, Trump appointed Sacks as the AI & Crypto Czar, responsible for shaping U.S. federal policy.
David Sacks' appointment to a key government position highlights the importance of cryptocurrencies and artificial intelligence in the future U.S. strategy. His support for innovation and competitiveness in technology could lead to significant industry changes.
