TechFlow reported on March 4 that David Sacks, the White House's AI and cryptocurrency lead, further clarified the sale of his stake in Multicoin Capital while responding to user questions on X. He stated: "I also sold my stake in Multicoin. At the time, I didn't even have to do so because the ethics review process was still ongoing. But I proactively decided to sell all my cryptocurrency holdings and funds focused on crypto."
Earlier reports indicated that David Sacks had sold his holdings in the Bitwise ETF on January 22, confirmed he did not hold "significant indirect positions," and disclosed that prior to taking office, he had personally sold all his cryptocurrency holdings (including BTC, ETH, and SOL).
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