Sacks Responds to NY Times’ Crypto Conflict of Interest Allegation

David Sacks, White House advisor on AI and cryptocurrency policy, has forcefully refuted accusations of a potential conflict of interest raised by The New York Times. Sacks vehemently rejected the allegations in a statement released on X (formerly Twitter), arguing that they are ‘bogus’ and lacking substantial evidence. He provided concrete proof demonstrating his compliance with government ethics regulations, highlighting a pre-appointment sale of approximately $200 million in crypto assets. This action aimed to ensure complete disassociation from any potential conflicts of interest.