David Sacks, noted advisor to Donald Trump on crypto matters, has criticized a recent New York Times article that speculated on conflicts of interest related to his governmental role. In a recent post on X (formerly Twitter), he expressed his frustration over the report, saying he had addressed the issues in detail over the past several months but that the Times continued to publish misleading claims.

In his words:

“Today they evidently just threw up their hands and published this nothing burger.”
(Translation: Today they seemingly just gave up and published this trivial report.)

Sacks, a co-founder of Craft Ventures and serving as a special government employee, has faced scrutiny regarding his ties to the crypto industry, especially from figures like Senator Elizabeth Warren. She has previously expressed concerns about Sacks potentially profiting from changes in crypto policy due to his investments in the industry.

Furthermore, the Times reported that Sacks maintains multiple investments in tech firms and noted how certain companies, such as Craft Ventures’ involvement in BitGo, could benefit from his position.

In response to the article’s implications, Sacks shared a letter from his lawyers rebutting the narrative and criticized the Times for crafting a ‘hit piece’ instead of thorough reporting. He emphasized that his compliance with ethical regulations was upheld, although questions linger regarding the management of his special employee days.

Related Reading:
Trump-linked ALT5 Sigma shakes up leadership amid WLFI scrutiny

In summary, David Sacks categorically denies any wrongdoing as speculated by the NYT, reinforcing his transparency and adherence to ethical guidelines throughout his advisory role.