July 22, 2025
White House crypto czar Sacks oversees family token launches
Industry insiders control regulations while Trump family expands $500 million crypto empire
🔒Digital Rights🔐Ethics💰Economy
David Sacks appointed White House crypto/AI czar December 5, 2024, chairs Working Group with SEC, CFTC, Treasury officials
Trump family launched World Liberty Financial September 2024, owns 60% stake, receives 75% of token sale revenue
$Trump meme coin launched January 17, 2025 (3 days before inauguration), generated $324M+ in trading fees by September 2025
Justin Sun invested $75M in WLFI ($30M Nov 2024, $45M Jan 2025), then SEC dropped fraud lawsuit in February 2025
SEC officials "surprised" by Sun case dismissal—they were "highly confident in winning" before Trump took office
World Liberty sold tokens to traders connected to North Korean Lazarus Group hacking team
Abu Dhabi state firm MGX used $2B in World Liberty USD1 stablecoin to finance Binance deal
Eric Trump co-founded American Bitcoin with Hut 8 in March 2025, held $500M Bitcoin by January 2026
Strategic Bitcoin Reserve created March 6, 2025 with ~207,000 BTC worth $17 billion from criminal seizures
764,000 small $Trump traders lost money while 58 wallets made millions from the meme coin
🔒Digital Rights🔐Ethics💰Economy
Test Your Knowledge
8
Q1
Who did President Trump appoint as White House cryptocurrency adviser?
Q2
The Trump family’s token ventures raised over $900 million in token sales before securing a $2 billion investment from a UAE fund.
Q3
Which Trump family crypto project held its initial coin offering on January 17, 2025, releasing 200 million tokens?
Q4
David O. Sacks served without full financial disclosure due to a special government employee status capped at 130 days per year.
Q5
What percentage of World Liberty Financial (WLFI) token holders voted to enable public trading on July 16, 2025?
3 more questions available
Upgrade to Premium to access all practice questions and unlock advanced quiz features.
Upgrade to PremiumThese questions are part of the White House crypto czar Sacks oversees family token launches topic. Master this topic by completing the quiz or exploring each question in detail.
Ready to test your knowledge?
Take the full quiz to master this topic and track your progress.
Start QuizPeople, bills, and sources
David Sacks
White House AI and Crypto Czar, PayPal co-founder
Donald Trump
President
Eric Trump
Trump Organization executive, World Liberty Financial co-founder
Donald Trump Jr.
Trump Organization executive, World Liberty Financial co-founder
Justin Sun
Chinese billionaire crypto investor, Tron founder
Elizabeth Warren
Senator (D-MA), Senate Banking Committee Ranking Member
Maxine Waters
Representative (D-CA), House Financial Services Committee Ranking Member