David Sacks sold $ 200 million in French crypts before taking the job

David Sacks, AI and Cripto Czar Trump Administration, are more than $ 200 million in investments related to digital property and through their company, craft undertaking, before work, according to a memory from the white house.

Domestic assets, documents said that at least $ 85 million “directly attribute the bags.” Memorandum from the White House of David Varrington, added that the craft remains an investor in some other funds that have digital property in their portfolios.

Discovering, from 5. March, is 11 pages long, compared to the two-page document from Robert F. Kennedy Jr., newly installed Secretary of Health and Human Services. Sacks’ Scroll marked the cloak opposites with the behavior of others in the administration and follow the first trump, during which conflicts of interest routinely neglected.

President Trump, In addition to its many funds for real estate, he is currently maintaining the main stake in Trump Media & Technology GroupThe public trading parent of the truth socially and initiated more crypto Projects This can rise or fall into values ​​based on different government policies. And Tesla Entire Elone muskwhich also controls Spacex, the company for social media X and AI Startup XAI, in a position as one of the presidency advisors, shape regulations in a way that potentially favored by his companies.

Three days before his inauguration, President Trump launched Memeton called Trump Trump through his company CIC Digital LLC, which has 80% coin supply. Trump also too receives 75% of income From a separate crypto bank, it was launched last year under the name Financial Libert.

Meanwhile, musk, who embarks on the so-called government efficiency or document, accounts for government contracts, especially at Space. The company, for example, has 1.8 billion dollars of contract With the National Scout Office for building a network of spyes satellites.

In addition to Trump and Musk, reports show that several cabinet members have significant investments in various kryptocks. Secretary Store Howard Lunnick, who recently went to the role of the leading Cantor Fitzgerald, has allegedly They made hundreds of millions of dollars from the links to mend.

Representatives of Musk, the White House and from the Trade Department did not immediately answer the comment requests.

Bags, which became a famous national figure as one of the four hosts of a popular All-in Podcast, said in an episode From the show last week that he sold approximately $ 200 million in crypto “because I didn’t want to have a phenomenon either.”

He replied to the criticism charged by numerous public officials, including Massachusetta senators Elizabeth WarrenThe best Democrat on the banking committee of the Senate. Warren sent a letter in the bags in front of the last week’s first white house crypto summit, raising concerns in conflict and call on bags to reveal any financial farms in BitcoinEther, Solana and other funds involved in Trump’s initial proposal for strategic reserve.

When President Trump finally signed an executable As for March 6. Marta, he said that the United States establishes a strategic Bitcoin Reserve, which would not include other digital currencies. Bags said that the reserve will be funded exclusively through the tokens seized in cases of criminal and civilian purses, ensuring the fight against the taxpayer. The order also created the American digital stock of Asset, which managed the Ministry of Finance, in order to hold other seizures of crypturarzers.

According to the detection of the bag of bag, he and his endeavor sold all their liquid cryptocurrency funds, including Bitcoin, etherand Solanaas well as his direct position held in Electricity 10 Cripto Fund Index and shared in Coin and Slave.

Sack also started to liquidate its share in private companies in private assets, including its limited interest in investment fund funds in cryptoin focusing, such as capital-capital and capital blockoin.

There are still several digital farms related to digital property in his portfolio. Collective, these funds amount to less than 0.1% of its total investment assets, with their sales described as “determined and immediate.”