US Crypto Czar’s $200 million portfolio holds Bitcoin, Coinbase and Robinhood

David Sachs and his investment company craft ventures have sold over $200 million at Crypto Holdings since naming President Donald Trump as White House AI and Emperor Crypto, according to Bitcoin, Ethereum and Solana. Sacks also holds inventory at online brokerage companies Robinhood and Crypto Exchange Coinbase. And he was a limited partner of Marquee Crypto Venture Capital Funds Multicoin Capital and Blockchain Capital, as well as 90 other VCs.

Sacks sold most of his Crypto Holdings, but he and the craft venture still hold fairness in many companies. According to the memo, stocks in Crypto Custody Firm Bitgo and Bitcoin Protocol Developer Lightning Labs are worth approximately 2.5% and 1.1% of total assets, respectively. However, the government has agreed to waive conflicts of interest regarding the ongoing investment of bags and craft ventures in crypto companies.

“We sold all the cryptocurrencies (including BTC, ETH and SOL) before the start of the administration,” Sachs said in A. post Above x At the beginning of March.

He and his company’s craft ventures did not immediately respond to requests for comment.

On March 5th, Sacks’ interest in the crypto industry follows a rumour on social media that AI and Crypto CZAR are at risk of mixing government crypto transactions with his own business. After Trump Posted Critics in early March include a Critics in the National Cryptocurrency, including Solana I said The bag was boosting his own portfolio.

And officially Trump once later, more deniers came out against the bag permission Strategic Bitcoin Reserves and digital assets creation stockpiled later that week. “This is a direct transfer of wealth from the US Treasury to David Sachs and other Crypto Barons.” I said Ryan Grimm runs X’s popular accounts and political newsletter.

Sachs refuted that he sold many of his cryptocurrency holdings, and crypto executives came to his defense. “He does an incredible job and does not share any economic benefits to avoid the slight appearance of conflict.” Posted x.

Trump was named his AI and Crypto Czar in December. The then president said Sacks, a former PayPal executive, would guide his policy on artificial intelligence and cryptocurrency regulation.

This story was originally introduced Fortune.com