Trump Cripto Czar David Sacks sells all personal virtual currency assets before taking the upper point of the white house; Here’s why

David Sackswho recently appointed US President Donald Trump as White house AI and CRIPTO CZARConfirmed Tuesday that he took all his personal cryptocurlency funds before attending function.

Bags, which are in charge of monitoring the regulation and policy of digital property, shared details of their social media decision, revealing that it was predated Bitcoin (BTC), Etherum (ETH) and Solana (salt) before taking over its role in the administration.

“I sold all my cryptocurrencies (including BTC, ETH and SOL) before the administration started,” wrote bags in the post in KS (earlier Twitter).

‘Conflict of interest’

The decision on the liquidation of its cryptian property was done in an effort to avoid any potential conflict of interest, with reports. This move reflects its commitment to transparency and adhering to ethical standards in its newly appointed role.However, speculation appeared among some users of social media that suggest that bags can still indirectly hold cryptocurration indirectly through the means of exchanging Bitcoin (ETFS), especially in Bobno in the morning. In response to these claims, bags clarified the situation, tightly denying any indirect farms. “This community note is a lie. I had a position of $ 74,000 in Bobber and ETF that I sold 22. January. I will not give update at the end of the ethical process,” he said.

The announcement of the bag comes at a time when the cryptocurrency market experiences renewed attention.

On Sunday, President Trump made headlines revealing that digital funds became involved in the US government “Cripto Strategic Reserve. “The announcement led to a significant market movement, with cryptocurrents such as Bitcoin, Ether, KSRP, Solana and Ada witnesses of significant gains.

Trump aims to make us a “crypto capital of the world”

Trump’s executive order, issued in January 2025. years, calls for the establishment of a national digital asset warehouse. The President was previously mentioned on the reserve as “supplies”, but later it redefined it as “crypto strategic reserve”.

Trump expressed strong support for Bitcoin and Etherum.

“I’ll make sure the cried of the world is the cord. And obviously BTC and ETH, as well as other precious cryptocurrencies will be the heart of the reserves. Also I love Bitcoin and Etherum!” said Trump.

After commenting to Trump, five digital currencies involved in the reservation, and Bitcoin is climbing from 86,000 to almost $ 93,000, until Sunday afternoon, marking the growth of 8%. Other digital currencies such as Ether, XRP, Solana and Ada also saw significant increased prices, ranging from 8% to 20%.

However, cryptocyllids including Solana and Etherum were nosed on Monday.

As bags settle into their new role, the focus remains at his efforts to lead and regulate growing cryptocurnancy sectors while adheres to state standards on conflicts of interest.

(With inputs from toi)