Sacks calls NYT conflict of interest report a 'bogus narrative'

David Sacks, the White House advisor on AI and cryptocurrency, has strongly refuted a New York Times report alleging a conflict of interest in his government role. The NYT reported that Sacks' advisory position could benefit his associates, noting that he maintained investments in crypto and AI firms like BitGo that could potentially gain from his policy influence. In response, Sacks stated on X that he sold $200 million in crypto-related assets before his appointment and is in full compliance with government ethics regulations. He described the story as a “bogus narrative” that distorts the facts and suggested he may pursue legal action.