David Sacks Faces Scrutiny Over U.S. Strategic Crypto Reserve
- President Trump announced a U.S. strategic crypto reserve including Bitcoin, Ethereum, XRP, Cardano, and Solana.
- David Sacks, Trump’s crypto czar, was accused of potentially benefiting from this initiative due to his previous crypto investments.
- Sacks claimed he divested from all personal crypto holdings before joining the administration.
- Craft Ventures confirmed it exited its investment in Bitwise prior to Trump’s second term.
- The Craft Ventures website shows the exit from Bitwise occurred in January 2025.
David Sacks denied financial interest allegations related to Trump’s strategic crypto reserve plan, stating he divested personal holdings before his government role. Craft Ventures confirmed exiting Bitwise investments pre-administration.
Source (2.6)https://www.coindesk.com/policy/2025/03/04/david-sacks-quiety-divested-from-crypto-company-at-center-of-conflict-of-interest-controversy?rand=52298
