David Sacks Dismisses NYT Conflict-of-Interest Allegations as ’Nothing Burger’
David Sacks, a prominent tech investor and advisor to Donald TRUMP on AI and cryptocurrency, has vehemently denied allegations of conflicts of interest raised by The New York Times. Dismissing the report as a "nothing burger," Sacks has retaliated with a legal letter demanding retraction and threatening defamation lawsuits.
The NYT's claims suggest Sacks Leveraged his advisory role to influence defense contracts and promote companies like Nvidia, Anduril, and Groq—where he allegedly holds financial stakes. Anonymous sources and interpretations of public documents underpin the accusations, which Sacks derides as baseless.
The clash underscores broader tensions between crypto innovation and political scrutiny. In a Trump administration favorable to digital assets, Sacks' combative stance highlights the sector's growing influence—and the media's skepticism toward its intersection with power.
