David Sacks, the new head of AI and digital currencies in the United States, sold over $200 million of digital asset-related investments before starting his job. The disclosure of Sacks’ finances, published on March 5th, spans 11 pages, contrasting with the two-page disclosure of Robert F. Kennedy Jr., the new Secretary of Health and Human Services. Sacks’ asset sales differ from other government members’ actions, raising concerns about conflicts of interest that were often overlooked during the Trump administration. Sacks and his investment firm sold all their digital assets, including Bitcoin, Ethereum, Solana, as well as stakes in Coinbase and Robinhood. He also liquidated his holdings in digital currency investment funds like Multicoin Capital and Blockchain Capital. However, he still holds less than 0.1% of his total investments in digital assets, intending to sell them soon.
