American Senator Elizabeth Warren has raised concerns about the role of David Sachs as “the White House Amnesty International and Crypto CZAR” and a conflict of potential interests. In a letter, the industry critic requested immediate clarifications on various issues, including the schedule for stripping SACK from his digital possession.
Crypto CZAR faces the “conflicts of interests”
American Senator Elizabeth Warren, a member of the Senate Committee for Banking, Housing and Urban Affairs, sent a letter to President Donald Trump Chefir and Ai Caesar David, and asked how he dealt with his potential conflict in interests.
In her message on March 6, Warren Assure The recent ads of strategic encryption reserves and Bitcoin raised questions about bags investment in digital assets, including the five proposed assets initially on Sunday.
Excerpt from Sen. Warren's letter to David Sacks. Source: Senate Banking Committee
On March 2, President Trump announced the creation of an “American encryption reserve” consisting of Cardano (ADA), Solana (Sol) and XRP, with Bitcoin (BTC) and ETAREUM (ETH) in her heart.
In the aftermath of the news, the bags have eaten concerns about his digital possessions and contacts with digital asset companies, Detection He had sold all his possessions, including BTC, ETH and Sol, before the Trump administration started. “I took it upon itself to sell all the encryption currency and your money -focused money.
Regarding the SACKS links to BitWise Asset Management, the CEO of the company, Hunter Horsley, confirmed that Craft Ventures, an investment capital company, participated in its founding in 2017, in the process of getting rid of BitWise more than two months ago and was already completed. SACKS also explained that he has completely exited his location of $ 74,000 in ETF BitWise on January 22.
According to the Sunaer, “It is still not clear when you personally ignore BTC, ETH, Sol” and “When craft projects are activated from BitWise”, despite the Sacks’recent X statements. Moreover, I wondered whether people close to the bags “may have occupied jobs and sold in recent prices.”
Senator Warren is looking for answers by next week
In the letter, Warren also asked information about how Crypto CZAR “prevented the president and other individuals from direct profit from the Trump administration’s efforts to pump the value of some of the encryption assets selectively.”
On March 6, the US President signed an executive order that creates a strategic bitcoin reserve and a “digital asset stock” consisting of encrypting the procedures for criminal and civil civil confiscation.
“The latest example of the Trump administration’s encryption policy with the possibility of benefiting from a rich and well connected to the expense of taxpayers,” Warren is a reserve. As a result, the bags requested that the nine fears and documents provided for their nine fears by March 14, 2025.
Sen. Warren asks for information about potential conflicts of interest by federal employees. Source: Senate Banking Committee
These requests include the accurate schedule of the Crypto CZARS and Craft Ventures, information about who has known and participated in modern strategic reserve ads, and the number of federal employees who are subject to conflicts of interest laws.
Al -Senator also asked about the decision of the Securities and Stock Exchange Committee (SEC) to drop several cases and continuous investigations related to encryption without enforcement procedures, including Coinbase.
She also criticized the latest SEC statement, stressing that most of the mines are not securities, which “have the ability to benefit directly from President Trump and First Lady Melania Trump, who launched two Mimi, Trump $ and $ Melania, during the weekend of President Trump.”
Bitcoin trades at $89,711 in the one-week chart. Source: BTCUSDT on TradingView
Distinctive photo of Unsplash.com, Chart from Tradingview.com
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