Trump crypto adviser Sacks makes $12M from companies seeking access

Financial disclosures revealed that White House AI and Crypto Czar David Sacks had earned approximately $12 million from venture capital investments in companies that simultaneously sought favorable cryptocurrency regulatory treatment from the administration. Sacks had recused himself from specific regulatory decisions but retained financial stakes in portfolio companies benefiting from the administration's pro-crypto policy posture. Ethics watchdogs called the arrangement a textbook revolving door conflict of interest.