March 15, 2025- (Washington) David Sachs, a newly designated intelligence of artificial intelligence and Cryptocurrency CZAR, which has been appointed more than $ 200 million in investments related to digital assets before assuming his role, according to a memorandum of the White House. Details of the disclosure, on March 5, details of the important steps taken by the bags to eliminate the conflict of potential interests, which puts a distinctive tone in management often criticizing the relaxed ethical borders.
The memo, which is composed by White House lawyer David Warrington, revealed that at least $ 85 million of bags disposal that is attributed directly to the bags. The project company, Craft Ventures, has also reduced its exposure, but it maintains investments in the money that carries digital assets in its portfolios. The bags sold liquid cryptocurrencies, including bitcoin, ether and Solana, as well as stocks in Coinbase and Robinhood. Its special shares are also filtered in coding boxes, such as Multicoin Capital and Blockchain Capital, with remaining positions of less than 0.1 % of its wallet and distinguishing it for the imminent for sale.
“I did not even want a conflict.” Explained, who rose to the national forefront as a participant host of the podcast, “I didn’t even want a conflict.” His actions follow the general scrutiny, including a message from Senator Elizabeth Warren, which raised concerns about his financial relations with encrypted currencies that appeared in the strategy of President Trump’s digital assets.
Significant disposal of others in management contrasts. President Trump himself is still deeply intertwined with the cryptocurrency industry through projects like Cic Digital LLC, which launched $ Trump Metuken. His family also takes advantage of World Liberty Financial, an encryption bank that generates great returns. Meanwhile, CEO of Tesla El MUSK, who is the head of the Ministry of Governmental efficiency (DOGE), holds important government contracts, including a $ 1.8 billion deal with the National Satellite Speed Office.
Sentence efforts come to avoid conflicts while the administration guarantees its approach to digital assets. On the sixth of March, President Trump signed an executive order that creates a strategic reserve for bitcoin, with funding from the seized symbols and the US digital assets store for confiscated cryptocurrencies. The initiative, designed to be a neutral budget, excludes other digital currencies and aims to enhance the nation’s position in the sophisticated rapid encryption scene.
