Sacks Condemns NYT Conflict of Interest Report as ‘Willful Misunderstanding’ of White House Role
Quick Breakdown
- White House AI and Crypto Czar David Sacks denounced a New York Times report regarding his financial ties as a “willful misunderstanding” of his government role.
- Sacks’ team defended his unpaid Special Government Employee status, arguing he divested millions in assets, costing him personally.
- The NYT report implied conflicts of interest, suggesting Sacks’ advocacy for looser AI regulation could financially benefit chipmakers.
Sacks refutes claims on divestments and policy influence
Silicon Valley investor David Sacks, the White House’s designated AI and Crypto Czar, publicly criticized a major New York Times (NYT) investigative report published on Sunday, November 30, 2025, which scrutinized his financial ties and influence within the administration. Sacks condemned the article as a “willful misunderstanding” of his status as an unpaid Special Government Employee (SGE), a designation intended by Congress to permit experts to maintain specific private business interests while serving for limited periods.
INSIDE NYT’S HOAX FACTORY
Five months ago, five New York Times reporters were dispatched to create a story about my supposed conflicts of interest working as the White House AI & Crypto Czar.
Through a series of “fact checks” they revealed their accusations, which we debunked… pic.twitter.com/o67ls3RmC6
— David Sacks (@DavidSacks) November 30, 2025
The NYT report suggested that Sacks’ policy advocacy for lighter AI regulations and his extensive network of over 700 tech investments, nearly two-thirds of which are tied to AI, create unavoidable conflicts of interest. The report implied that Sacks’s policies, such as pushing for looser AI chip export restrictions, could result in up to $200 billion in global sales for major chipmakers like Nvidia, companies he is linked to.
In response, Sacks’s legal team asserted that the tech mogul had already taken “significant steps” by initiating or completing the divestment of over 99% of his holdings that could have potentially raised a conflict concern. Sacks had previously divested hundreds of millions of dollars in cryptocurrency before taking office, stating he did not want “even have the appearance of a conflict”. His legal counsel rejected the NYT’s claims, arguing that Sacks’s divestments ultimately cost him on his personal balance sheet. The White House backed Sacks, stating he had addressed all potential conflicts and that his private-sector insights are an “invaluable asset” to the President’s agenda.
Notably, David Sacks had argued that the primary threat from AI is “Orwellian AI” used by governments for surveillance and manipulation, not a mechanical uprising. He opposes “heavy-handed” consumer protection laws, believing they stifle innovation and risk ideological bias, and suggests existing laws suffice to address misuse. However, Sacks contrasts his pro-freedom AI stance with his call for apparent regulatory certainty in the crypto market to ensure stability.
Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BTC returns to $93,000 after a brief dip to $83,000—what exactly happened?

Economic Truth: AI Drives Growth Alone, Cryptocurrency Becomes a Political Asset
The article analyzes the current economic situation, pointing out that AI is the main driver of GDP growth, while other sectors such as the labor market and household finances are in decline. Market dynamics have become detached from fundamentals, with AI capital expenditure being key to avoiding a recession. The widening wealth gap and energy supply are becoming bottlenecks for AI development. In the future, AI and cryptocurrencies may become the focus of policy adjustments. Summary generated by Mars AI This summary was generated by the Mars AI model, and its accuracy and completeness are still in the process of iterative improvement.

AI unicorn Anthropic accelerates IPO push, taking on OpenAI head-to-head?
Anthropic is accelerating its expansion into the capital markets, initiating collaboration with top law firms, which is seen as an important signal toward going public. The company's valuation is approaching 300 billions USD, and investors are betting it could go public before OpenAI.
Did top universities also get burned? Harvard invested $500 million heavily in bitcoin right before the major plunge
Harvard University's endowment fund significantly increased its holdings in bitcoin ETFs to nearly 500 million USD in the previous quarter. However, in the current quarter, the price of bitcoin subsequently dropped by more than 20%, exposing the fund to significant timing risk.

