• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

David Sacks Divests $200 Million in Digital Assets

user avatar

by Giorgi Kostiuk

10 months ago

David Sacks, set to serve as an advisor on AI and cryptocurrencies for Donald Trump, sold his digital assets to prevent potential conflicts of interest.

Sacks Sells $200 Million in Digital Assets

David Sacks divested holdings worth over $200 million to prevent conflicts of interest. He offloaded liquid cryptocurrency assets, including Bitcoin and Ethereum, stocks, and fund interests. Notably, Craft Ventures' investments were sold, including Coinbase and Robinhood stocks, as well as interests in Multicoin Capital.

Demonstrates my commitment to ethical conduct and transparency in my new role.

Ethical Standards in Sacks' Conduct

Sacks' decision to establish a new ethical standard in asset management led to discussions among political and industry figures. Some lauded the transparency, while Senator Elizabeth Warren questioned his financial ties to digital assets.

Cryptocurrency Market Reaction

Prices of Bitcoin, Ethereum, and Solana recently fluctuated amid new regulatory expectations. Analysts note that transparent asset management in politically-tied roles reinforces trust in policy appointments and encourages similar actions within the industry.

David Sacks' actions highlight the importance of transparency and ethical compliance for trust in both politics and the industry.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

ZKP Crypto's Daily Auction System Simplifies Token Participation

chest

The daily auction model allows contributors to participate without pressure, ensuring equal access to tokens.

user avatarMiguel Rodriguez

SUBBD Targets Creators with AI-Powered Features

chest

SUBBD is positioning itself as a creator-first asset, blending AI tools with exclusive access and rewards.

user avatarRajesh Kumar

Tezos Demonstrates Remarkable Governance Stability Amid Market Uncertainty

chest

Tezos continues its on-chain governance model without interruption, showcasing operational continuity amid market volatility.

user avatarLuis Flores

Celestia's Groundbreaking Modular Design Maintains Relevance

chest

Celestia's modular blockchain framework continues to be referenced in ecosystem discussions despite controlled price movement.

user avatarArif Mukhtar

Qubic Gains Visibility with Exceptional Computational Focus

chest

Qubic has continued to draw attention due to its compute-oriented architecture and experimental design, with network discussions focusing on its processing framework rather than short-term price behavior.

user avatarMaria Gutierrez

Japan to Cut Crypto Tax Rate from 55% to 20% in 2026

chest

Japan plans to reduce the tax rate on cryptocurrency income from 55% to 20% in 2026.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.