The White House granted David Sacks a financial conflict-of-interest ethics waiver in March 2025, allowing him to shape crypto policy despite retaining minor crypto holdings through his firm Craft Ventures.

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On March 5, 2025, the White House issued Sacks a limited ethics waiver to participate in digital asset policy matters. Before taking the role, Sacks sold over $200 million in crypto-related investments — including Bitcoin, Ether, Coinbase shares, and stakes in funds like Multicoin Capital and Blockchain Capital. However, Craft Ventures retained minor crypto holdings amounting to less than 0.1% of his total assets. The waiver let him continue shaping regulations for an industry where he remained, even minimally, financially invested. Democratic senators launched a separate ethics investigation in September 2025, arguing the waiver violated conflict-of-interest rules.

The White House granted David Sacks a financial conflict-of-interest ethics waiver in March 2025, allowing him to shape crypto policy despite retaining minor crypto holdings through his firm Craft Ventures.

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