Based on Insidebitcoins, White House AI and crypto czar David Sacks has criticized a recent New York Times report alleging a conflict of interest in his advisory role. Sacks called the report a 'nothing burger' and accused the Times of mischaracterizing facts to support a 'bogus narrative.' He has hired a law firm specializing in defamation to address the issue. The report highlighted Sacks' retained investments in AI and crypto companies, including a 7.8% stake in BitGo, and questioned whether his policy influence could benefit these holdings. Sacks previously divested over $200 million in crypto and stock investments but still holds 20 crypto-related and 449 AI-related investments.
White House Crypto Czar David Sacks Disputes NYT Conflict of Interest Report
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