David Sacks, appointed as the White House AI and Crypto advisor, confirmed today that he has sold his entire digital asset portfolio—including Bitcoin (BTC), Ether (ETH), and Solana (SOL)—before officially joining President Donald Trump's administration.
In a Twitter response to George Hammond, a Financial Times reporter, Sacks stated:
"I sold all my crypto (BTC, ETH, and SOL) before starting my role in the administration."
Previously, Hammond had reported that Trump's "Crypto Czar" had liquidated his personal cryptocurrency holdings.
Although Craft Ventures, the venture capital firm co-founded by Sacks, continues to invest in blockchain startups, neither he nor the company has directly held cryptocurrencies since President Trump took office.
Next week, Sacks will host the White House’s first-ever Crypto Summit, bringing together industry leaders and the President’s Working Group on Digital Assets. This event is part of the administration’s strategy to position the United States as a global leader in crypto while establishing a transparent and comprehensive regulatory framework for the sector.