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Coin Edition 2025-03-15 08:10:00

Under pressure, Trump’s crypto czar divests his $200M+ crypto holdings

Under pressure, Trump’s crypto czar divests his $200M+ crypto holdings

David Sacks divested over $200 million in digital-asset holdings to avoid conflicts of interest. Senator Elizabeth Warren criticized Sacks, questioning his crypto holdings. Sacks’ divestment details were revealed shortly before Warren’s letter requesting crypto ownership clarification. To avoid potential conflicts of interest, Crypto Czar David Sacks, an advisor to President Donald Trump, has liquidated more than $200 million in digital-asset holdings. The move follows mounting criticism over his financial ties to the crypto sector and his advocacy for a bitcoin strategic reserve. Sacks has faced scrutiny on social media and from U.S. lawmakers, including the ranking member of the Senate Banking Committee, due to his involvement in the digital-asset space. A memo released by the White House now reveals that Sacks and his venture firm, Craft Ventures, moved to minimize any potential conflicts. The timing is notable: the memorandum was released a day before Senator Elizabeth Warren’s March 6 letter, demanding that he confirm he no longer owns any digital assets, following his claim on X that he sold all his crypto. Related: World Liberty Financial: $550… The post Under pressure, Trump’s crypto czar divests his $200M+ crypto holdings appeared first on Coin Edition .

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