Trump Crypto Czar Sacks Sells Over $200 Million in Investments
David Sacks, President Donald Trump's adviser for artificial intelligence and cryptocurrencies, and his venture-capital firm Craft Ventures have divested more than $200 million worth of holdings related to the digital-asset industry, according to a memo released by the White House.
Sacks and Craft Ventures sold all their liquid cryptocurrency holdings, including Bitcoin, Ethereum and Solana, prior to Trump's inauguration, the memo dated March 5 from White House counsel David Warrington said. Sacks divested his stock in Coinbase Global Inc. and Robinhood Markets Inc. as well as limited-partner interests in crypto funds Multicoin Capital and Blockchain Capital, according to the memo. Craft also sold its interests in Multicoin Capital and Bitwise Asset Management Inc.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
E&E News
37 minutes ago
- E&E News
Texas set to create bitcoin reserve as states warm to crypto
Texas is poised to open its own 'Strategic Bitcoin Reserve' after lawmakers gave broad bipartisan approval for the state to stockpile energy-intensive cryptocurrency. S.B. 21 awaits action from Republican Gov. Greg Abbott, who is expected to sign the bill. Lawmakers last week voted 110-25 to pass it through the House and 24-7 to get it through the Senate. The bill, which describes cryptocurrency as a 'hedge against inflation and economic volatility,' essentially lets the state invest public money into crypto. It would create a fund for the Texas Legislature to appropriate money, which the Texas comptroller would use to purchase bitcoin. Advertisement 'This bill embraces digital innovation,' said state Rep. Giovanni Capriglione, the Republican who carried the bill in the state House. He called the reserve a 'financial tool aimed at strengthening the state's fiscal resilience.'
Yahoo
an hour ago
- Yahoo
US stock futures little changed as investors await earnings
U.S. stock futures are little changed with some focus on earnings after the bell. Discount retailer Five Below and software company MongoDB both beat analysts' estimates with their quarterly results. At 6:15 a.m. ET, Dow futures added 0.10% while broad S&P 500 futures rose 0.07% and tech-laden Nasdaq futures added 0.08%. Before the bell, investors will see weekly jobless claims data. The data could be key after a week of mixed reports. Earlier, data showed a surprisngly large jump in job openings in April followed by weaker-than-expected hiring at private companies. Brown-Forman will report earnings before the bell, and Broadcom, Docusign and Lululemon will follow after the close. Circle Internet Group priced its initial public offering at $31 per share, surpassing the expected range of $27 to $28 per share. Bitcoin was last xx xxx% Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday. This article originally appeared on USA TODAY: US stock futures little changed as investors await earnings Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
an hour ago
- USA Today
US stock futures little changed as investors await earnings
U.S. stock futures are little changed with some focus on earnings after the bell. Discount retailer Five Below and software company MongoDB both beat analysts' estimates with their quarterly results. At 6:15 a.m. ET, Dow futures added 0.10% while broad S&P 500 futures rose 0.07% and tech-laden Nasdaq futures added 0.08%. Before the bell, investors will see weekly jobless claims data. The data could be key after a week of mixed reports. Earlier, data showed a surprisngly large jump in job openings in April followed by weaker-than-expected hiring at private companies. Brown-Forman will report earnings before the bell, and Broadcom, Docusign and Lululemon will follow after the close. Need a break? Play the USA TODAY Daily Crossword Puzzle. Cryptocurrency Circle Internet Group priced its initial public offering at $31 per share, surpassing the expected range of $27 to $28 per share. Bitcoin was last xx xxx% Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
