Trump's encryption advisor caught in a conflict of interest storm: 449 AI investments raise regulatory concerns.

[Coin World] Trump's AI and Crypto Assets advisor David Sacks recently got into trouble—he holds 708 technology investments, of which 449 are AI companies, and these companies are likely to directly benefit from the policies he leads. After the media uncovered this matter, it sparked quite a controversy.

Sacks himself did not hold back in his rebuttal, calling the accusations “nonsense.” He did indeed receive a moral exemption to sell off most of his Crypto Assets and AI assets, but the specifics disclosed? Very vague. Critics like Senator Elizabeth Warren are not buying it, pointing out the blurred lines between his policy role and personal investments. Sacks' team insists that everything is compliant and there are no conflicts of interest.

It is worth noting that Sacks also participated in discussions to lift the export restrictions on Nvidia chips, and his podcast “All-In” even hosted a White House AI summit. However, his lawyer emphasized that this program operates as a non-profit organization and there are no special interests involved. But the external doubts about his intertwined identity are clearly not going to dissipate easily.