As reported by Coinotag, David Sacks, the White House AI and crypto czar under President Trump, is under scrutiny for potential conflicts of interest due to his retained investments in 20 crypto-related firms. Despite divesting over $200 million in assets, concerns remain about how his advisory role might influence policies that could benefit his holdings. The New York Times analysis revealed Sacks holds 20 crypto investments and 449 AI-related ones. His co-founded firm, Craft Ventures, owns 7.8% of BitGo, a crypto infrastructure company that could gain from stablecoin regulations he supported. Sacks maintains compliance with ethics rules, but critics argue the retained illiquid positions raise questions about impartiality.
David Sacks Faces Scrutiny Over Crypto Conflicts as White House Czar
CoinotagShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.