{"id":62085,"date":"2025-12-05T12:31:53","date_gmt":"2025-12-05T12:31:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=62085"},"modified":"2025-12-05T12:31:53","modified_gmt":"2025-12-05T12:31:53","slug":"white-house-crypto-summit-david-sackss-new-corruption-scandal","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=62085","title":{"rendered":"White House Crypto Summit: David Sacks\u2019s New Corruption Scandal"},"content":{"rendered":"<div>\n<p>What\u2019s happening with Web3 after the White House Crypto Summit? David Sacks, the Trump administration\u2019s AI and Crypto Czar, is being accused of helping formulate policies that aid his Silicon Valley friends and many of his own tech investments.<\/p>\n<p>Earlier in the year, Sacks and President Donald Trump unveiled a sweeping <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">AI Action Plan<\/a> drafted in part by Sacks himself, surrounded by executives from Nvidia, AMD, and a gallery of <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Silicon Valley allies<\/a> who stood to benefit from the policy shift.<\/p>\n<p>What the audience witnessed was not just a policy rollout, but direct collusion, according to <em>NYT <\/em>investigators. Here\u2019s what to know and how this could hurt crypto:<\/p>\n<blockquote>\n<p>\u201cThe tech bros are out of control.\u201d \u2013 Steve Bannon<\/p>\n<\/blockquote>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<h2>What\u2019s Next After White House Crypto Summit? Conflict Concerns Grow as Sacks Influences Policy<\/h2>\n<figure id=\"attachment_316325\" aria-describedby=\"caption-attachment-316325\" style=\"width: 2433px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-316325\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/NVDA_2025-12-05_18-08-36.png\" alt=\"\" width=\"2433\" height=\"1302\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/NVDA_2025-12-05_18-08-36.png 2433w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/NVDA_2025-12-05_18-08-36-300x161.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/NVDA_2025-12-05_18-08-36-1024x548.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/NVDA_2025-12-05_18-08-36-768x411.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/NVDA_2025-12-05_18-08-36-1536x822.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/NVDA_2025-12-05_18-08-36-2048x1096.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/NVDA_2025-12-05_18-08-36-50x27.png 50w\" sizes=\"auto, (max-width: 2433px) 100vw, 2433px\"><figcaption id=\"caption-attachment-316325\" class=\"wp-caption-text\">(Source: <strong><a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/chart\/A4aJB7ow\/?symbol=NASDAQ%3ANVDA\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/strong>)<\/figcaption><\/figure>\n<p>A <em>New York Times<\/em> analysis shows Sacks has 708 tech investments, including at least 449 in AI-adjacent firms. Many of these companies directly benefit from his policy guidance, but his filings list them generically as \u201csoftware\u201d or \u201chardware,\u201d even when the firms brand themselves as AI-first businesses.<\/p>\n<p>Umm, how? Wouldn\u2019t hundreds of AI and crypto investments be a direct conflict of interest for a public advisor?<\/p>\n<p>Sacks received ethics waivers in March after pledging to divest certain crypto and <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">AI holdings<\/a>. Yet the filings do not show when assets were sold or what he still owns, making it impossible to determine whether his government role has delivered personal gain.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Another example of the real divide in America between the rich and the rest.<\/p>\n<p>Trump\u2019s crypto czar billionaire David Sacks has investments in over 400 companies that stand to benefit from policies he advances. <a href=\"https:\/\/t.co\/WqntPzzQDr\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/WqntPzzQDr<\/a><\/p>\n<p>\u2014 Moe Davis (U.S. Air Force, Retired) (@ColMoeDavis) <a href=\"https:\/\/twitter.com\/ColMoeDavis\/status\/1995117149384221178?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">November 30, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The ethical tension peaked when Sacks\u2019s podcast, All-In, attempted to charge $1 Mn per sponsor for access to a private reception with Trump during the July AI summit. Senior officials intervened to block the arrangement.<\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/span><\/a><\/strong><\/p>\n<h2>The AI and Crypto Boom: Winners, Policy Risks, and National Security Whiplash<\/h2>\n<p>Sacks has championed deregulation that opens an estimated $200 billion market opportunity for chipmakers and AI developers, according to <em>NYT <\/em>reporters. Some proposals reportedly ran counter to national security advice, prompting internal concern about whether Sacks\u2019s policy compass points toward the country or the industry.<\/p>\n<p>At the same time, Silicon Valley\u2019s influence has soared under Trump. <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/analysis\/top-crypto-stocks\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Nvidia<\/a> and AMD executives flanked the president as he announced accelerated permitting for AI infrastructure and incentives for domestic chip capacity.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-316348\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-05-at-4.37.21-PM.jpg\" alt=\"\" width=\"1310\" height=\"1020\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-05-at-4.37.21-PM.jpg 1310w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-05-at-4.37.21-PM-300x234.jpg 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-05-at-4.37.21-PM-1024x797.jpg 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-05-at-4.37.21-PM-768x598.jpg 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-05-at-4.37.21-PM-50x39.jpg 50w\" sizes=\"auto, (max-width: 1310px) 100vw, 1310px\"><\/p>\n<p>(Source: <strong><a class=\"general-link\" href=\"https:\/\/www.coingecko.com\/en\/categories\/artificial-intelligence\" target=\"_blank\" rel=\"noopener nofollow\">CoinGecko<\/a><\/strong>)<\/p>\n<p>Sacks\u2019s crypto portfolio is only part of the story. The White House\u2019s broader pro-Bitcoin stance faced turbulence this week after American Bitcoin (ABTC), a Hut 8 subsidiary backed by Trump-aligned investors, plunged 35 to 50% during a violent selloff.<\/p>\n<p>The decline was driven by a large lock-up expiry that released previously restricted shares from its pre-merger financing. Heavy selling hit a thin float, creating ten times the usual trading volume and repeated halts.<\/p>\n<p>Reuters reported that Donald Trump Jr., Eric Trump, and Hut 8 executives did not sell into the drop, though that did little to slow the liquidation cascade. As it stands, AI and crypto are having a bumpy end to a mostly stagnant market in 2025.<\/p>\n<p><strong>EXPLORE: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/elon-musk-crypto-what-crypto-to-buy-now-on-the-dip\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Elon Musk Crypto: What Crypto to Buy Now On The Dip?<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        What\u2019s happening with Web3 after the White House Crypto Summit? David Sacks, the Trump administration\u2019s AI and Crypto Czar, is in hot water.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        As it stands, AI and crypto are having a bumpy end to a mostly stagnant market in 2025.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/white-house-crypto-summit-david-sackss-new-corruption-scandal\/\">White House Crypto Summit: David Sacks\u2019s New Corruption Scandal<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>What\u2019s happening with Web3 after the White House Crypto Summit? David Sacks, the Trump administration\u2019s AI and Crypto Czar, is being accused of helping formulate policies that aid his Silicon Valley friends and many of his own tech investments. Earlier in the year, Sacks and President Donald Trump unveiled a sweeping AI Action Plan drafted [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-62085","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/62085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62085"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/62085\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}