Trump issues ethics waiver allowing crypto czar David Sacks to retain investments

confirmed Importance 8/10 ~1 min read 4 sources 6 actors

Regulatory Capture International Kleptocracy

White House issued March 5 ethics waiver allowing David Sacks to shape crypto policy despite remaining financial interests in digital assets through Craft Ventures. Despite selling $200M in liquid crypto holdings, Sacks retained stakes in BitGo and Lightning Labs. Warren questioned the conflict as Sacks co-hosted $1.5M crypto fundraiser while guiding national crypto policy.

Sources & Citations

[1] Trump Issues Ethics Waiver For His AI/Crypto Czar · Mar 6, 2025 Tier 2

[2] Trump's Crypto-Invested AI Czar Cleared to Oversee Crypto · Mar 7, 2025 Tier 2

[3] David Sacks sold $200 million in crypto-related holdings before taking White House job, ethics memo says · Mar 14, 2025 Tier 2

[4] Ahead of Trump Crypto Fundraiser, Warren Questions Government Ethics Agency on Crypto Czar David Sacks Conflicts of Interest · Mar 6, 2025 Tier 1

Tiers Tier 1 court records & gov docs · Tier 2 established outlets · Tier 3 regional & specialty press · Tier 4 opinion or single-source. Methodology →

Cite this entry

The Cascade Ledger. “Trump issues ethics waiver allowing crypto czar David Sacks to retain investments.” The Capture Cascade Timeline, March 5, 2025. https://capturecascade.org/event/2025-03-05--david-sacks-ethics-waiver/