White House Official Clarifies Position on Cryptocurrency Investments

According to BlockBeats, on March 5, Multicoin Capital co-founder Kyle Samani announced on social media that David Sacks, the White House's AI and cryptocurrency chief, is well aware of his responsibilities. Samani revealed that Sacks' team had reached out to them months ago to find buyers for Multicoin-related assets held by Craft Ventures. Previously, on March 4, David Sacks clarified on social media that he is no longer an investor in Multicoin Capital. He explained, "I also sold Multicoin. At the time, I didn't need to sell because the ethical review process was still ongoing. However, I proactively decided to sell all my cryptocurrency and crypto-focused funds." Sacks further stated that he had sold all his cryptocurrencies, including BTC, ETH, and SOL, before assuming his current role.