AI and Crypto CZAR DAVID SACKS confirmed on Sunday night that he sold the entire encryption portfolio before joining the Trump administration.
“I sold all the encryption currency (including BTC, ETH and SOL) before the start of management,” Sacks Tweet.
The bag statement was in response to a report from Financial times Citing it as “in the process” of reviewing government ethics, and after that it is scheduled to provide a “full update to his property.”
While it seems that SACKS has personally emerged from direct encryption ownership, its Craft Founttures is still maintaining investments in many startups that focus on encryption, according to the joint report in the SACKS thread. per footThe company has stripped itself of direct cryptocurrencies after the installation of Trump.
But some, like Adam Kokran, an administrative partner in Cinneamhain Ventures, interrogation If the SACKS statement includes LP (liquidity gathering) between “encryption boxes, owners’ investments in shares related to encryption, exposure to BitWise, or CARYY exposure” in his previous company.
The apparent assertion addresses questions about the potential conflicts between the personal investment of SACKS and its new role in shaping the federal encryption policy.
The bags also refuted the claims in a societal note that he had “direct, indirect holdings” due to the investment of craft projects at the BitWise Cryotation Management Company, Tweet It was a “lie”.
He said: “I had a site worth $ 74,000 in ETF BitWise, which I sold on January 22,” adding that he would “make an update at the end of the moral process.”
Decipher You have communicated with bags and craft projects, and they will update this article in case of response.
White House “Crypto CZAR”
He was appointed in December last year, bags Chairs The president’s digital assets working group works to create regulatory frameworks for the encryption industry. The stakeholders in the industry generally welcomed the appointment of bags, and seeing its technological background valuable for the development of enlightened regulations.
The bags bring great experience in the industry for its role. The project company, Craft Ventures, has invested in many projects that focus on Blockchain and encryption, while also has personal experience in Crypto investments that extend until 2012.
The administration confirmed the creation of clear organizational standards that encourage local innovation while providing appropriate oversight, with some supporters Suggest new rules To cover the broadest developments in the sector.
The White House announced many initiatives under the first few months of leadership, including capabilities Stablecoin Legislation And the formation of a coordinated effort between the Senate committees and the parliament committees Development of coherent encryption policy.
The disclosure of the previous investment capital comes with regard to the encryption The top of the White House encryption On March 7, where President Trump is preparing to make notes to “prominent founders, executives and investors from the encryption industry,” according to Separate tweet From the White House account.
Extract daily information Newsletter
Start every day with the best news stories now, as well as original features, podcasts, videos and more.
