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White Home AI and crypto czar David Sacks slammed a New York Occasions report about his alleged conflicts of curiosity, calling it a ”nothing burger.”
Sacks mentioned on X that regardless that he debunked claims made by the paper in correspondence over the previous 5 months, it simply threw up its arms ”and revealed this nothing burger.”
“Anybody who reads the story rigorously can see that they strung collectively a bunch of anecdotes that don’t assist the headline,” Sacks mentioned. “At no level of their fixed goalpost-shifting was NYT prepared to replace the premise of their story to simply accept that I’ve no conflicts of curiosity to uncover.”
Sacks mentioned he employed the legislation agency Clare Locke, which focuses on defamation legislation, and shared a screenshot of a letter that the agency despatched to the paper that claims it “willfully mischaracterized or ignored the information to assist their bogus narrative.”
The NYT traces up the same old passel of tech journos, runs the 2018 hit piece playbook, and solely manages to make @DavidSacks appear to be the right man for the job.
Lastly, somebody working AI and crypto…who truly is aware of in regards to the enterprise of AI and crypto. pic.twitter.com/8egbBfb3dG
— Antonio García Martínez (agm.eth) (@antoniogm) December 1, 2025
The New York Occasions alleged in its story that crypto-related investments retained by Sacks, together with stakes held by his enterprise agency Craft Ventures, may gain advantage from his White Home position and thus characterize a battle of curiosity.
NYT Says Sacks Retains Crypto Investments
Earlier than turning into crypto czar, Sacks and Craft Ventures divested greater than $200 million in crypto and shares tied to crypto, with at the least $85 million of that owned by Sacks himself, the paper mentioned.
Based mostly on monetary disclosures, Sacks has retained 708 tech investments, 449 of those associated to AI firms and 20 tied to crypto, the NYT report added. All of those investments may gain advantage from Sacks’ capability to affect coverage on the White Home, the paper mentioned.
One of many investments was made by Craft Ventures into the crypto infrastructure firm BitGo, which presents a stablecoin-as-a-service. The story mentioned that Craft owned 7.8% of the corporate, which went public in September.
The story famous that Sacks threw his assist behind the GENIUS Act, the primary regulatory framework on the federal stage for stablecoins, which led to a growth within the stablecoin market that resulted within the sector’s whole market capitalization hovering towards $400 billion for the primary time.
Stablecoin market cap (Supply: DefiLlama)
AI Investments Additionally Current A Battle Of Curiosity For Sacks, NYT Says
The paper famous that Sacks and Craft have ties to firms within the AI house as properly, and that their valuations skyrocketed because the White Home and Wall Avenue wager on the expertise’s potential.
The NYT mentioned Sacks’ ethics waivers made in March said that he would shut his investments in AI and crypto. It added that these waivers didn’t disclose when Sacks bought belongings or the worth of investments he nonetheless held.
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