David Sacks Sold All His Crypto: What Does This Mean for Bitcoin’s Future?

David Sacks Sold All His Crypto: No More BTC or ETH?

The White House’s first-ever AI and Crypto Czar, David Sacks, acknowledged on X that he had sold his crypto assets before the Trump administration began.

Correct. I sold all my cryptocurrency (including BTC, ETH, and SOL) before the start of the administration,

Sacks

The Financial Times article shared by Sacks drew attention to potential conflicts of interest, citing a source who said Sacks had sold his crypto assets.

Sacks Under Ethics Review Amid Trump’s Bold Crypto Reserve Plans

Sacks made the remark in response to internet worries about possible conflicts of interest arising from his affiliation with Bitwise, which provides an exchange-traded fund that makes investments in a variety of tokens, including Bitcoin, Ethereum, XRP, Solana, and Cardano. According to a source familiar with the situation, the Financial Times stated that Sacks is going through an official ethics examination and will provide an update on his cryptocurrency holdings at a later time. On social media, U.S. President Donald Trump declared that he has given his crypto working group instructions to “move forward” on a reserve made up of ADA, XRP, and SOL. He added that his proposed Crypto Strategic Reserve will include Bitcoin and Ether.

President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the ‘Crypto Capital of the World.’ More to come at the Summit.

Sacks

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