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David Sacks, recently appointed as Trump’s Crypto Czar, has sold off his crypto holdings to prevent any conflicts of interest. He denies allegations of retaining large indirect positions through investments in Bitwise, highlighting a $74K Bitwise ETF position as sold. The move was first reported by the Financial Times.
What’s the Scoop?
- Allegation Refutation: David Sacks refuted the community note claiming he has large indirect crypto holdings from Bitwise.
- Ethics Compliance: Sacks disclosed he sold a position in Bitwise ETF as of January 22, stating compliance with ethics requirements.
- Upcoming Disclosure: An update will be provided by Sacks at the end of the ethics process to clarify his current crypto-related investments.
Correct. I sold all my cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration. https://t.co/dN6nuGQUtu
— David Sacks (@DavidSacks) March 3, 2025
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