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."
In a six-page letter, the Massachusetts Senator expressed her concern about a potential conflict of interest just a few hours before a crypto summit planned at White House.
Sacks stated earlier this week that he had sold his entire crypto portfolio before assuming his new role as Crypto Czar. His appointment was made in 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 the venture firm Sacks established. "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."
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