US Crypto Czar Sells $200 Million Worth of Crypto Assets and Related Stakes Before Taking Office
JH Kim
Summary
- It was reported that Crypto Czar David Sacks sold $200 million worth of cryptocurrencies before taking office.
- Sacks sold assets personally and through his owned company, Craft Ventures, with at least $85 million going to Sacks personally.
- It was reported that Craft Ventures is still investing in cryptocurrency-based funds.
According to CNBC on the 14th (local time), David Sacks, the Trump administration's cryptocurrency and AI officer (Crypto Czar), has sold $200 million worth of virtual assets before taking the position.
This includes stakes in cryptocurrencies and related assets, which he sold both personally and through his owned company, Craft Ventures. Of this amount, at least $85 million reportedly went to David Sacks personally.
According to disclosed documents, Craft Ventures is still investing in cryptocurrency-based funds.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
