David Sacks, appointed by President Donald Trump as the "Crypto Czar," has sold his entire cryptocurrency portfolio, which included Bitcoin, Ethereum, and Solana. Announced in a tweet, this decision came before the administration's official start in January 2025.

This move is seen as potentially avoiding conflicts of interest by ensuring no clash between Sacks' personal holdings and government responsibilities.

Selling his crypto assets could also maintain neutrality and transparency as he leads US cryptocurrency policies.

Additionally, compliance with government ethics requires disclosure and possible divestment of certain holdings.

Despite claims of indirect holdings through investments in Bitwise, Sacks refutes any large indirect stakes.

This sale doesn't necessarily reflect a negative stance on crypto, but rather a procedural requirement.