After 3 March 2025 ▪
3
min at reading ▪
David Sacks, recently named Donald Trump as ” Crypto and artificial intelligence car“He confirmed that he had sold all his assets in the crypto before entering the office. The aim of this decision is to avoid any conflict of interest if it is about to play a key role in American technological regulation.
David Sacks got rid of his cryptes: hence
David Sacks recently confirmed that he had been destroying all his assets in cryptocurrencies before the administration. In a report published on March 2 on X, Sacks said: “ Before the start of the administration, I sold all my cryptocurrencies (including BTC, ETH and Sol). The aim of this decision is to prevent any conflict of potential interest in its new government function. Given that ” cryptomera »Sacks is responsible for leading government policies with his shock vision to maintain American competitiveness.
Before his appointment, David Sacks was an active investor in the crypto sector. Its investment fund, Craft Ventures, has invested in companies such as BitWise Asset Management and Cryptocurrency Bitgo. According to a source of a close ensemble, however, Sacks and his business sold their direct falling asleep in cryptocurrencies shortly after the inauguration of Trump.
Impartial policy
The decision of bags to deviate from their assets in cryptocurrencies before its credent positions reflects the desire for transparency and integrity in fulfilling its new obligations. The aim of this approach is to ensure that the policies it offers will be perceived as impartial and focused on public interest without the influence of his past personal investments.
Especially because Donald Trump has just announced a crypt reserve in the United States. In fact, March 2, 2025, Trump announced the creation of a “strategic cryptocurrency reserve” including XRP, Sol, ADA, Bitcoin and Ethereum, which was to strengthen the crypto industry in the United States after the “corrupt attacks” of the previous administration. This decision set fire to the market and caused lessons.
The appointment of David Sacks combined with its decision to sell their assets in the crypto, and therefore emphasizes the commitment of Trump’s administration to support technological innovations while maintaining high standards of ethics and transparency. Especially because Sacks recently announced the end of restrictions in the United States.
Maximize your Cointribne experience with our “Read to Earn” program! For each article you read, get points and approach exclusive rewards. Sign up now and start to accumulate benefits.
The world is evolving and adaptation is the best weapon that survives in this undulating universe. I am interested in everything about blockchain and its derivatives. To share my experience and announce an area that fascinates me, nothing better than writing informative and relaxed articles simultaneously.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.