Why David Sachs sold his encrypted holdings before taking over the role of “Crypto CZAR”

David Sachs, who was appointed by President Donald Trump in the name of “Caesar Caesar” in late 2024, announced that he had sold the entire coded currency portfolio.

Here is how experts and encryption interact with this unexpected step.

3 reasons that David Sachs have sold the entire encryption portfolio

In a conversation tweet On X (previously Twitter), Trump AdministrationCaesar encryptionHe confirmed that he sold all personal encryption assets before the official start of the administration in January 2025. Bitcoin (BTC), ETHEREUM (ETH), and Solana ((Teller).

David Sachs’s decision to withdraw from the market is seen as a personal choice. Society has given great attention to his appointment, and is expected to promote him Policies of encryptionFacilitate the establishment of a national reserve for Bitcoin for the American government, and the protection of investors with the growth of industry.

However, the decision to sell all encryption holdings can be understood through the following three reasons.

The first reason can avoid conflicts of interests. By not having any encrypted currencies, cysts guarantee that there are no conflicts between his personal interests and the interests of the American government.

Second, the step indicates neutrality. As the leader of the cryptocurrency policies, David Sachs needs to maintain transparency and objectivity. Owning any encryption may raise the doubts of bias whenever it takes decisions that affect the market.

The third reason can be compliance with ethics systems. Senior US government officials are often required to disclose their assets. In some cases, officials need to get rid of the sectors directly related to their duties. For cysts, abandoning encryption possessions is a logical step to meet federal morals.

Some X users also suggested that David Sacks still carry a large amount of encryption indirectly by placing it as an investor in Bitwise Asset Management.

However, the bags have Respond For this case, claiming that it is incorrect.

“This societal note is a lie. I had a site worth $ 74,000 in ETF BitWise that I sold on January 22. I have no” indirectly unnoticed. “I will make an update at the end of the moral process,” The bags were published on X.

In short, the sale of David Sax Encryption It does not permanently indicate the refusal of the industry. It can be just a “natural administrative procedure” and does not reflect his negative views on encryption.

However, due to the sensitive psychology of investors, bitcoin and some Altcoin prices showed a note Volatility.