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David Sacks Sold Over $200M in Crypto and Stocks Before White House Role Confirms Report

  • 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.

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