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ilicon Valley entrepreneur David Sacks has purchased a $10.3 million residence in Northwest D.C., according to Axios sources. This acquisition is notable given Sacks' new role as President Trump's "White House AI and crypto czar." As part of this position, he will focus on safeguarding free speech online and addressing Big Tech bias and censorship.
Sacks' appointment has contributed to a surge in Washington real estate transactions among wealthy individuals. His background as a co-founder of PayPal, where he worked with Peter Thiel and Elon Musk, adds to his influence. Trump announced Sacks' role last year, stating that he would also work on establishing a legal framework for the crypto industry.
The D.C. property features four bedrooms, six bathrooms, a private elevator, and 24/7 concierge service. James F. Kull, an Austin-based wealth manager tied to one of Sacks' previous real-estate transactions, is listed as the owner on the deed. Real estate agent Daniel Heider, who represented both parties in the sale, declined to comment.
Sacks has been involved in high-profile events, including a fundraiser at his San Francisco mansion and an appearance at the Crypto Ball during inauguration weekend. His representative declined to provide comment for this story. The use of LLCs, trusts, or estate lawyers to conceal buyer identities is common in Washington D.C.'s high-end real estate market, with several agents signing non-disclosure agreements.
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