David Sacks, the newly appointed White House AI and Crypto Czar, has publicly denied allegations from The New York Times regarding potential conflicts of interest. Sacks stated that the publication spent five months investigating him but resorted to shifting their accusations after earlier claims were disproven. He has characterized the investigation as a "hoax" and maintains that the reporting lacks substance, asserting that he has engaged legal counsel to address the matter. The controversy centers on reports questioning his ability to regulate sectors in which he has significant personal investments. Sacks argues that these concerns are part of a series of fabricated charges that have already been debunked, emphasizing that his dual role in the White House and the industry is being misrepresented. [Update 1] Additional reports confirm Sacks' strong rebuttal, specifically refuting the NYT claims as "fabrication." He continues to defend his position against allegations that his personal investments compromise his regulatory duties.