{"id":416226,"date":"2025-12-01T01:33:22","date_gmt":"2025-12-01T01:33:22","guid":{"rendered":"https:\/\/www.europesays.com\/us\/416226\/"},"modified":"2025-12-01T01:33:22","modified_gmt":"2025-12-01T01:33:22","slug":"new-report-examines-how-david-sacks-might-profit-from-trump-administration-role","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/416226\/","title":{"rendered":"New report examines how David Sacks might profit from Trump administration role"},"content":{"rendered":"

David Sacks\u2019 role as President Donald Trump\u2019s artificial intelligence and crypto czar could work out very well for his investments, as well as his friends, according to a new report The New York Times<\/a>.<\/p>\n

However, Sacks fired back in a post on X<\/a>, in which he described a five-month reporting process in which accusations were \u201cdebunked in detail.\u201d<\/p>\n

\u201cToday they evidently just threw up their hands and published this nothing burger,\u201d Sacks said. \u201cAnyone who reads the story carefully can see that they strung together a bunch of anecdotes that don\u2019t support the headline.\u201d<\/p>\n

This isn\u2019t the first time critics have suggested that there may be conflicts of interest between Sacks\u2019 political role and his investments. For example, Senator Elizabeth Warren \u2014 a Democrat from Massachusetts \u2014 said earlier this year<\/a> that Sacks \u201csimultaneously leads a firm invested in crypto while guiding the nation\u2019s crypto policy,\u201d an \u201cexplicit conflict of interest\u201d that would \u201cnormally\u201d be prohibited under federal law.<\/p>\n

But the NYT\u2019s story (under the headline \u201cSilicon Valley\u2019s Man in the White House is Benefiting Himself and His Friends,\u201d and credited to five bylined reporters) seems to offer a more comprehensive view, with an analysis of his financial disclosures suggesting that among Sacks\u2019 708 tech investments, 449 are AI companies that could benefit from the policies he supports.<\/p>\n

Sacks has received two White House ethics waivers declaring he would sell most of his crypto and AI assets. However, the NYT said his public ethics filings do not disclose the remaining value of his crypto and AI investments, nor do they say when he sold off the assets he divested.<\/p>\n

Kathleen Clark, a Washington University law professor specializing in government ethics, made similar points in July after reviewing Sacks\u2019 crypto waiver, telling TechCrunch<\/a>, \u201cThis is graft.\u201d<\/p>\n

Techcrunch event<\/p>\n

\n\t\t\t\t\t\t\t\t\tSan Francisco
\n\t\t\t\t\t\t\t\t\t\t\t\t\t|
\n\t\t\t\t\t\t\t\t\t\t\t\t\tOctober 13-15, 2026\n\t\t\t\t\t\t\t<\/p>\n

The NYT also said that Sacks\u2019 filings classify hundreds of investments as hardware or software, rather than AI, while the companies pitch themselves as AI businesses in their marketing.<\/p>\n

To illustrate Sacks\u2019 \u201cintertwined interests,\u201d the NYT pointed to the White House summit in July where Trump unveiled his AI roadmap<\/a> \u2014 White House chief of staff Susie Wiles reportedly stepped in to prevent the All-In podcast (which Sacks co-hosts) from being the only host of the event. And All-In asked potential sponsors to pay $1 million for access to a private reception and other events, the NYT claimed.<\/p>\n

The NYT also reported that Sacks became close with Nvidia CEO Jensen Huang this spring and has played a role in removing restrictions on Nvidia chip sales around the world, including in China.<\/p>\n

Right-wing media personality and former Trump adviser Steve Bannon (who\u2019s made no secret<\/a> of his animosity towards some of Trump\u2019s Silicon Valley allies) said Sacks is emblematic of an administration where \u201cthe tech bros are out of control.\u201d<\/p>\n

Sacks\u2019 spokesperson Jessica Hoffman told the NYT that \u201cthis conflict of interest narrative is false.\u201d Hoffman said Sacks has complied with the rules for special government employees, that the Office of Government Ethics determined which investments he had to sell, and that his role in the government has cost him, rather than benefited him.<\/p>\n

White House spokesperson Liz Huston said Sacks has been \u201can invaluable asset for President Trump\u2019s agenda of cementing American technology dominance.\u201d<\/p>\n

Sacks\u2019 post responding to the NYT includes a letter written to the newspaper from Clare Locke, a law firm that Sacks hired, claiming that the reporters had been given \u201cclear marching orders: find and report on a conflict of interest between Mr. Sacks\u2019 duties in the White House and his background in the private technology sector.\u201d<\/p>\n

The letter also addresses some of the specifics of the NYT story, including the All-In podcast\u2019s role in the White House AI event. Sacks\u2019 lawyers said the AI summit was a not-for-profit event, and that the All-In podcast \u201clost money hosting the event.\u201d<\/p>\n

\u201cTwo sponsors were brought on to help partially defray the cost of the event, for which they received nothing but logo placements,\u201d the letter said. \u201cNo access to President Trump was ever offered, and no VIP reception ever took place.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"David Sacks\u2019 role as President Donald Trump\u2019s artificial intelligence and crypto czar could work out very well for…\n","protected":false},"author":3,"featured_media":416227,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,1983,69,67,132,68],"class_list":{"0":"post-416226","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-david-sacks","10":"tag-donald-trump","11":"tag-united-states","12":"tag-unitedstates","13":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115641739197933621","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/416226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=416226"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/416226\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/416227"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=416226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=416226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=416226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}