David Sacks, President Donald Trump’s crypto and artificial intelligence czar, came under fire this week following allegations that he could financially benefit from Trump’s announcement of a U.S. strategic crypto reserve.
The initiative, which Trump shared details about on Sunday, would involve the government holding a reserve of digital assets, including Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA), and Solana (SOL). Critics raised concerns that individuals within the administration with ties to these assets could stand to gain from the move.
Sacks, a venture capitalist with previous crypto investments, quickly became a focal point of the controversy. Over the weekend and into Monday, he responded on X (formerly Twitter), rejecting accusations that he had a financial interest in the policy. He stated that he had divested from all of his personal crypto-related holdings before joining the administration, including his stake…
