Sen. Elizabeth Warren (D-MA) has demanded that David Sacks, President Donald Trump’s Crypto Czar, prove he isn’t “directly profiting off of the Trump Administration’s efforts to selectively pump the value of certain crypto assets.”
The Massachusetts senator laid out her concerns about a conflict of interest in a 6-page letter she made public Friday morning, just hours ahead of a planned crypto summit at the White House.
Earlier this week, Sacks said he sold all his crypto assets before beginning in his role as crypto czar. He was appointed in early December.
“Despite your public statements via X, it remains unclear exactly when you personally divested from BTC, ETH, and SOL, when Craft Ventures divested from Bitwise,” Warren wrote, referring to venture firm that Sacks founded, “and whether people close to you ‘may have held positions and sold into the recent price surge.’”
Just last night, President Trump signed an executive order to establish a Bitcoin reserve. Sacks shared the announcement on X, formerly Twitter, promising that the effort would not “cost the taxpayers a dime.”
This is breaking news and will be updated.
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