June 15, 2025
Trump crypto advisor Sacks earns $12M from companies seeking access
White House staff earn millions while Trump eliminates ethics oversight
📜Constitutional Law🔐Ethics🏛️Government💰Economy
Trump named David Sacks White House AI & Crypto Czar on Dec. 5, 2024; Sacks began work Jan. 20, 2025.
Sacks and his wife hosted a sold-out fundraiser at their San Francisco mansion in Jun. 2024, raising $12 million with tickets from $50,000 to $300,000 per person.
The Trump administration granted Sacks a blanket ethics waiver allowing him to work on regulatory issues directly related to his financial holdings in 400+ tech companies.
Trump fired Office of Government Ethics Director David Huitema via two-sentence email on Feb. 10, 2025, just weeks after Huitema was confirmed by the Senate.
OGE directors normally serve five-year terms spanning multiple administrations to ensure nonpartisan oversight; Trump cut Huitema's term short.
Trump fired at least 17 inspectors general in his first month without explanation, removing key oversight positions.
Senator 
Elizabeth Warren launched an investigation into whether Sacks exceeded the 130-day limit for Special Government Employees by late Jul. 2025.
Trump family businesses received $47 million from foreign entities in 2024, including payments from Saudi Arabia, India, and Vietnam.
Ethics expert Kathleen Clark of Washington University called the Sacks waiver "sham ethics waivers" due to their sweeping nature.
Sacks claims he divested "hundreds of millions of dollars" in tech positions at personal cost, though he maintains 400+ investments through Craft Ventures.
📜Constitutional Law🔐Ethics🏛️Government💰Economy
Test Your Knowledge
10
Q1
TRUE or FALSE: Trump's 2025 financial disclosure reveals he still owes over $50 million each to E. Jean Carroll and the New York attorney general from court judgments.
Q2
Trump is exempt from federal conflict of interest laws that apply to other government officials.
Q3
Huitema said his firing "doesn't appear to be personal" because he's "in good company" with other fired officials.
Q4
Ethics directors typically serve five-year terms to overlap administrations and reduce partisanship.
Q5
Trump owns at least $1 million in ethereum cryptocurrency according to his financial disclosure.
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Start QuizPeople, bills, and sources
Donald Trump
President of the United States
David Sacks
White House AI & Crypto Czar, Co-founder of Craft Ventures
David Huitema
Former Director, Office of Government Ethics (fired Feb. 2025)
Elizabeth Warren
U.S. Senator (D-MA), Senate Banking Committee
Doug Collins
Veterans Affairs Secretary, interim OGE head
Kathleen Clark
Government ethics expert, Washington University
Shelley Finlayson
Acting Director, Office of Government Ethics
Adam Schiff
U.S. Senator (D-CA)