TechFlow reported on March 15 that according to a White House memo, David Sacks and his venture capital firm sold over $200 million in cryptocurrency and related stocks prior to his appointment as White House AI and cryptocurrency chief, with approximately $85 million of that amount directly attributed to Sacks himself.
Sacks said the move was intended to avoid any appearance of conflict of interest and to ensure transparency in his decision-making as a government official.
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