David Sacks and Craft Ventures sold over $200 million in crypto assets and related stocks before his White House appointment.
The divestment was aimed at eliminating potential conflicts of interest as Sacks transitioned into his government position, where he is expected to shape crypto regulations.
Despite the large-scale divestments, skepticism remains, and Massachusetts Senator Elizabeth Warren has called for greater transparency.
Since assuming his White House role, Sacks has positioned himself as an advocate for a balanced regulatory approach, supporting initiatives like a Strategic Bitcoin Reserve.