US $ 200 million cryptocurrency krypto kriper has held Bitcoin, Coinbase and Robinhood

David Sachs and his investment firm craftsmen have diverted more than $ 200 million to crypto -Holdings after President Donald Trump named Sachs as AI of the White House and Crypto King, according to Bitcoin, Ethereum and Solana, according to the Memorandum. Sacks also held actions in online brokerage Robindit and crypto -exchange Coinbase. And he was a limited partner in Marquee Crypto Venture Capital Funds Multicoin Capital and Blockchain Capital, along with 90 other WC.

While Sachs has redirected most of its crypto -cholding, he and the craft investments are still holding capital in a package of companies. His shares of the Crypto, Bitco and Developer of the Bitcoin Protocol, Lightning Laboratories, are worth about 2.5% and 1.1% of the total assets, respectively, according to the Memorandum. However, the government has agreed to abandon any conflicts of interest in sacks and ongoing stakes of craft companies.

“I have sold all my cryptocurrencies (including BTK, ETC and salt) before the start of the administration,” Sachs said in A. After the X Earlier in March.

He and his solid craft investments did not respond immediately to the commentary request.

Dated March 5, a memorandum on the interests of the crypto industry bags follows social media heads that AI and crypto king risked mixing their own business with government crypto -talks. After Trump Posted In early March, certain cryptocurrencies, including Solana, will be included in national cryptocurrency, critics said That bags strengthened his portfolio.

And more today came out against sacks after Trump officially authorized Creating a strategic reserve of bitcoin and storing digital assets later that week. “This is a direct transfer of wealth from David Sachs and other crypto Baroni’s wealth,”, “”, “” ” said Ryan Grimm, who keeps a popular X and politics newsletter.

Sachs opposed that he diverted much of its cryptocurrency owners, and crypto directors came to his defense. “He is doing a huge job and will not share any of the economic upside down to avoid even the slightest look of conflict,” said Cameron Vinklevos, founder of cryptocurrency twins, Posted on x.

Trump named Sachs as his AI and crypto king in December. The then -president said that Sachs, a former executive director of PayPal, would pursue the policy of regulating artificial intelligence and cryptocurrencies.

This story was originally shown on Fortune.com