White House advisor clarifies stance on digital assets amid media coverage debates
David Sacks, White House AI and digital currency advisor, denied claims of dumping his digital assets and explained that he was required by government ethics laws to sell them after Trump’s appointment. Sacks stated on social media, ‘I did not dump my digital assets; I relinquished them. I would have preferred not to, but government ethics laws mandated it.’ According to a White House note, Sacks sold and cashed out over $200 million of digital assets before Trump’s administration began. These explanations sparked debates on how digital currency news is covered in the media. Some industry figures argue that pessimism towards digital assets influences media coverage.
