David Sacks Divests $200M in Crypto Before White House Role
- David Sacks and Craft Ventures divested over $200 million in digital assets before his White House appointment.
- At least $85 million of the divestment was personally attributed to Sacks.
- The divestments included Bitcoin, Ethereum, Solana, and positions in the Bitwise 10 Crypto Index Fund.
- Sacks sold shares in Coinbase and Robinhood, as well as stakes in private digital asset companies.
- Craft Ventures maintains minor holdings in BitGo and Lightning Labs, representing less than 2.5% and 1.2% of total investment assets, respectively.
The White House revealed that David Sacks divested over $200 million in crypto assets before assuming his role as Trump’s AI and crypto czar. This move included significant personal holdings and various digital asset investments through Craft Ventures.
Source (2.6)https://cryptobriefing.com/crypto-asset-divestment-sacks-white-house/?rand=59535
