The Trump administration has issued a blanket ethics waiver to venture capitalist David Sacks, now the president’s special adviser for artificial intelligence and crypto, clearing him to work on regulatory issues directly related to his financial holdings, according to a White House memorandum reviewed by The Lever.
The waiver comes a month after President Donald Trump fired the Senate-confirmed director of the Office of Government Ethics — the independent agency responsible for enforcing federal ethics laws.
“I am granting you a waiver… of any conflict of interest regarding particular matters of general applicability concerning the digital asset industry,” reads the March 5 memo to Sacks from White House counsel David Warrington.
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