The New York Times accused David Sachs of using his "crypto czar" status for personal gain.
Date: 2025-12-02 Author: Oliver Abernathy Categories: BUSINESS
The New York Times's publication has sparked a new round of discussion surrounding David Sachs, an adviser to the Donald Trump administration and a key player in shaping government strategy related to cryptocurrencies and artificial intelligence. According to journalists, Sachs's influence on regulatory and economic policy may overlap with his personal investment interests, which, according to the New York Times, creates a risk of conflict of interest. Sachs categorically denies such allegations, calling them baseless and already refuted before publication.
The New York Times report indicates that of the more than 700 investment deals linked to Sachs's activities, a significant portion are in the artificial intelligence sector. The publication suggests that the companies he invested in could theoretically benefit from government decisions. However, the NYT notes that the ethics documents do not disclose the residual value of his crypto assets or provide details about the timing of their possible sale.
According to the newspaper, Sachs received permission to partially sell his shares, but the details of the transactions have not been made public. Some political and academic figures have previously expressed concerns about the potential overlap between his government responsibilities and his personal investments. Senator Elizabeth Warren previously noted that Sachs's involvement in shaping the country's crypto policy raises questions, given his activity as an investor. Law professor Kathleen Clark has previously described the situation as potentially corrupt.
The report cites an episode from the White House summit this summer, at which President Donald Trump presented his artificial intelligence development strategy. The NYT claims that the All-In podcast, hosted by Sachs, purported to be a media partner for the meeting, with sponsors allegedly offered access to closed sessions for large sums. Sachs's representatives deny this claim. They also cite his informal ties to Nvidia and his possible influence on chip export policy.
The White House and the "crypto czar" team dismiss the allegations as speculation. Press secretary Jessica Hoffman stated that Sachs adheres to ethical standards and does not use his position for personal gain, while law firm Clare Locke insists that the NYT was initially seeking confirmation of predetermined conclusions.
