David Sacks, the White House AI and crypto czar, has denied allegations that he manipulated the crypto market for personal gain. He stated that after joining the administration, he divested all his crypto holdings to avoid any conflict of interest. Sacks also disclosed that he liquidated approximately $200 million in crypto assets before starting his role. He addressed concerns that he could financially benefit from his role as Trump's crypto and AI czar, stating that he is taking an unpaid consultant role in the administration and that the assumption that wealthy individuals enter government for financial gain is "lazy and stupid." Sacks has faced public scrutiny, with critics expressing concerns about potential conflicts of interest.



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