TechFlow reported on March 3 that David Sacks, the White House's AI and cryptocurrency lead, refuted a community note on X regarding his cryptocurrency holdings. The note claimed that although Sacks had sold his directly held cryptocurrencies, he still maintained a "significant indirect position" as an investor in Bitwise Asset Management.
Sacks stated clearly: "This community note is false. I had a $74,000 position in the Bitwise ETF, which I sold on January 22. I do not have 'significant indirect holdings.' I will provide updates after the ethics review process concludes."
Earlier reports indicated that David Sacks posted: "Prior to taking office, I sold all of my personal cryptocurrency holdings (including BTC, ETH, and SOL)."
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