David Sacks, an adviser to President Donald Trump on AI and cryptocurrencies, along with his firm Craft Ventures, has sold over $200 million in digital asset investments. This divestment includes liquid cryptocurrencies like Bitcoin, Ethereum, and Solana, as well as stocks in Coinbase and Robinhood. The sales were completed before Trump's inauguration, as detailed in a memo from White House counsel David Warrington.

David Sacks, President Donald Trump’s adviser for artificial intelligence and cryptocurrencies, and his venture-capital firm Craft Ventures have divested more than $200 million worth of holdings related to the digital-asset industry, according to a memo released by the White House.Sacks and Craft Ventures sold all their liquid cryptocurrency holdings, including Bitcoin, Ethereum and Solana, prior to Trump’s inauguration, the memo dated March 5 from White House counsel David Warrington said. Sacks divested his stock in Coinbase Global Inc. and Robinhood Markets Inc. as well as limited-partner interests in crypto funds Multicoin Capital and Blockchain Capital, according to the memo. Craft also sold its interests in Multicoin Capital and Bitwise Asset Management Inc.

Trump Adviser David Sacks Sells $200 Million in Crypto Investments