Bags and his restroom company has been sold over $ 200 million in cryptou and stock before the roles

David bags and his capitals for risk sold over $ 200 million in Kocko and crypto-connections before he started his role as a white house AI and CRIPTO CZAR, a Memorandum of the White House was discovered.

“You and the craft endeavor transferred over $ 200 million in connection with the digital property industry, which can be attributed to $ 85 million directly,” said Memorandum of 5. March.

Cripto Sale in an effort to prevent conflicts of interest

Memorandum said that “significant steps” were taken to reduce potential conflicts of interest before the bags began their mandate as White House AI and CRIPTO CZAR – In which the main part of its role is to help create a legal framework for the crypto industry.

Bags collapsed in its portfolio all “liquid cryptocurne”, as well as a cropping portfolio – an investment firm based in 2017. years – including farms in Bitcoin (Btc), Ether (El) and Solana (Salt) Before US President Donald Trump Inauguration 20. January.

Since Trump’s inauguration, the crypto market saw a large decline due to wider crashes in the market, and many blame Trump proposed tariffs and insecurity in relation to American interest rates.

While Bitcoin eavesdropped new all the time of $ 109,000 only before Trump swore like 47. US President, recently descended Under $ 80,000 27. FebruaryDeleting all post-election gains. At the time of publication, Bitcoin traded from $ 84,155, as by CoinMarketCap Data.

The bags were also divided by public crippies related to crypto, including coinbase (coin), birth (hoods) and a stake in private companies for digital assets.

In addition, he sold his limited interest in Meltichain Capital focused Capital Solana and the Cripto-focused capital Firm Blockien Clockcain. At the same time, the craft inductors took over his farms in multiple capabilities and establishment and assets.

Sen. Warren called the bags to prove that no more crypt

Memorandum is a date of one day Massachusetts Senator Elizabeth Warren Invited bags in a letter of March 6 to prove that no digital property no longer holds, after the need for bags in the X post that sold all his crypto.

“Despite your public statements via X, it remains unclear when you have taken place from BTC, ETH and SOL, when people close to you” can hold positions and sold in the recent price increase, “Warren said.

Since the bags started the crypto role of the White House, he is a vocal advocate on various issues in the crypt industry, of importance Strategic reserves Bitcoin not to overcome the crypt industry.

Related: Bitcoin Panic Sales consumes new investors $ 100 million in 6 weeks – Research

Bag recently turn off The idea of ​​taxes for the CRIPTO transaction At the episode of all in the podcast after the host Jason Calacanis suggested accusing taxes of 0.01% on each cryptocurrency transaction.

“It’s always how tax starts. They are described as very modest,” bags said.

“You know, when the income tax began, only thousands of Americans were applied, and legislators swore up and down to never apply to middle-class people,” bags added.

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