White House AI and cryptocurrency advisor David Sacks has refuted allegations of a conflict of interest following a New York Times report. Sacks dismissed the claims as 'bogus' and threatened legal action, stating he divested $200 million in crypto-related assets prior to his government appointment. The report suggested potential benefits to his former investments, including BitGo. Sacks defended his actions on social media, citing adherence to ethics regulations and the baseless nature of the accusations. This incident underscores ongoing concerns about ethical standards for officials with industry ties in emerging technologies.