David Sacks calls NYT report on conflicts of interest a ‘nothing burger’
David Sacks dismissed a New York Times report alleging conflicts of interest regarding his White House advisory role as a 'nothing burger.'Summary
White House AI and crypto czar David Sacks strongly criticized a New York Times report detailing potential conflicts of interest arising from his government advisory role benefiting his investments. Sacks claimed he had debunked the reporting over five months and that the final article was a "nothing burger" strung together from anecdotes not supporting the headline. The Times report highlighted that Sacks, a partner at Craft Ventures, retained 20 crypto investments and 449 AI-related tech investments that could benefit from policies he supports. Specifically, the report noted Craft Ventures' stake in crypto infrastructure company BitGo, which Sacks's team backed via support for the GENIUS Act regulating stablecoins. Sacks's lawyers accused the NYT of writing a "hit piece" with "clear marching orders" to find conflicts, asserting the outlet willfully ignored facts. Sacks maintains he has complied with ethics rules for special government employees, although his ethics waivers regarding selling AI and crypto interests lacked specific details on remaining investments.
(Source：Cointelegraph)