Trump Crypto Czar Sacks Sells Over $200 Million in Investments

David Sacks, President Donald Trump’s adviser for artificial intelligence and cryptocurrencies, and his venture-capital firm Craft Ventures have divested more than $200 million worth of holdings related to the digital-asset industry, according to a memo released by the White House.

Sacks and Craft Ventures sold all their liquid cryptocurrency holdings, including Bitcoin, Ethereum and Solana, prior to Trump’s inauguration, the memo dated March 5 from White House counsel David Warrington said. Sacks divested his stock in Coinbase Global Inc.