David Sacks has unloaded hundreds of millions of dollars of investments related to digital assets before starting its function as artificial intelligence in the Trump administration (AI) and Crypto CZAR.
According to the White House note The Presidential Counselor David A. Warrington, Sacks and its investment company Craft Ventures liquidated encryption holdings, including Bitcoin (BTC), Ethereum (ETH) and Solana (Sol), before Trump started his second term on January 20.
Sacks also sold its location in the BitWise 10 Crypto Index (BITW) and unloading its shares in Coinbase (Coin), Robinhood (Hood) and private digital asset companies, as well as limited partner interests in the investment funds that focus on encryption, including the multi -capital capital and the capital of Blockchain.
The White House adds that the bags began to sell its limited partner’s partner interests in about 90 investment capital boxes “from an abundance of caution” as companies may choose to invest in the digital asset industry.
Warrington says that bags and craft projects have eliminated investments worth more than $ 200 million in the digital asset industry, including at least $ 85 million personally by SACKS, in an attempt to protect his position as a special consultant to Crypto.
“It is in place, I have already taken important steps to reduce the conflict of potential interests due to the possession of digital assets-to get rid of hundreds of millions of dollars in digital assets or industry entities associated with digital assets.”
Although Sacks has been liquidated or in the discharge phase of the remaining digital asset industry, the memo notes that craft projects still have interests in encryption companies, including the BITGO and Proof-SPACE, and Proof-Fore-Time-Timchain Chia Network and Blockchain Maming Labs.
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