Trump’s crypto Czar slams media for misrepresenting divestment as dump
White House AI and crypto advisor David Sacks criticized claims that he “dumped” his crypto holdings and clarified that, after being appointed by President Donald Trump, he was required to divest due to government ethics rules.
In a March 19 social media post, Sacks addressed recent reports suggesting he had sold off his Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) investments, stating that the characterization was misleading.
“I did not ‘dump’ my cryptocurrency; I divested it. Obviously, I would have preferred not to, but government ethics rules required it. It’s an honor to serve President Trump and the American people.”
According to a White House memo, Sacks liquidated more than $200 million in digital assets before…
