David Sacks, appointed as the Trump administration's AI and crypto czar, divested over $200 million in digital asset-related investments before assuming his role, according to a White House memo. This divestment included at least $85 million directly attributable to Sacks himself, with the remainder sold through his venture capital firm, Craft Ventures. The assets sold encompassed a broad range of digital assets, including Bitcoin, Ethereum, Solana, and his directly held position in the Bitwise 10 Crypto Index Fund, as well as shares in Coinbase and Robinhood. Sacks also began liquidating his stakes in private digital asset companies and his limited partner interests in crypto-focused investment funds such as Multicoin Capital and Blockchain Capital. Sacks's divestments were motivated by a desire to avoid any appearance of conflict of interest in his new governmental role. This action contrasts with other members of the administration, who have maintained significant stakes in various cryptocurrencies and related ventures. The White House has granted Sacks a limited ethics waiver, allowing him to work on regulatory issues related to the digital asset industry despite his remaining minor financial interests in venture capital funds with digital asset holdings. The administration has also established a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile to manage confiscated cryptocurrencies.