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Trump Crypto Czar Says He Sold Holdings Before Taking Role

Amid conflict accusations, David Sacks is insisting he sold off personal crypto holdings before assuming his position.
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Mar 3, 2025 • 1 min read

David Sacks, recently appointed as Trump’s Crypto Czar, has sold off his crypto holdings to prevent any conflicts of interest. He denies allegations of retaining large indirect positions through investments in Bitwise, highlighting a $74K Bitwise ETF position as sold. The move was first reported by the Financial Times.

What’s the Scoop?

  • Allegation Refutation: David Sacks refuted the community note claiming he has large indirect crypto holdings from Bitwise.
  • Ethics Compliance: Sacks disclosed he sold a position in Bitwise ETF as of January 22, stating compliance with ethics requirements.
  • Upcoming Disclosure: An update will be provided by Sacks at the end of the ethics process to clarify his current crypto-related investments.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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