Elizabeth Warren probes David Sacks’ Bitwise ties amid crypto reserve plan

While the summit of digital assets of the White House approaches, Senator Elizabeth Warren sent a letter to David Sacks by questioning his links with a cryptographic company.

With remaining hours before the first summit of digital assets of the White House on Friday, March 7, senator Elizabeth Warren (D.-Mass.) Sent a letter to David Sacks, the Donald Trump The AI ​​of the White House of the Administration and the Crypto-Tsar, raising concerns concerning conflicts of potential interests, Axios A learnedquoting Warren’s letter.

In the letterWarren wonders how the growing participation of the federal government in blockchain could benefit existing cryptocurrency holders, potentially creating conflicts of interest. She specifically questioned bags about her links with industry, focusing on her previous links with cryptographic companies.

“The planned Crypto Strategic Reserve is only the most recent example of a cryptography policy of the Trump administration with the potential to benefit a few rich and well connected at the expense of taxpayers.”

Elizabeth Warren

Sacks, who is an employee of the special government, is exempt from certain ethics rules, including those related to financial disclosure.

He was examined against his previous role in Craft Ventures, who supported cryptographic companies like Fold, Lightning Labs and Bitwise, a crypto company whose five titles correspond to the five tokens mentioned in the recent announcement by President Trump of a strategic cryptography reserve, underlines Warren.

The senator also seeks to clarify if the bags or any person involved in the reserve policy have made transactions related to assets before the announcement.

“Despite your public statements via X, it is not known exactly when you have personally gave in BTC, ETH and Sol, when Craftures Ventures has given way bit, and if people close to you” may have occupied positions and sold in the recent price wave. “”

Elizabeth Warren

Warren has also stressed that the position of the American Securities and Exchange Commission should protect companies and individuals who create Same According to potential disputes, which could directly benefit companies from President Trump, such as the Trump official (ASSET) and Melania (Melania).

It is assumed that the summit of the cryptography of the White House will take place from 1:30 p.m. to 5.30 p.m. on Friday, March 7.

Like crypto.News reported Earlier, US President Donald Trump signed an executive decree to establish a strategic bitcoin reserve. The reserve will be funded with Bitcoin (BTC) Seized by the federal government through the confiscation of assets, which means that taxpayers do not engage any cost.

According to Sacks, the US government is currently holding around 200,000 BTC, although no full audit has yet been carried out. The decree requires complete accounting of federal assets of digital assets and prohibits the sale of Bitcoin in the reserve, by comparing it to a “strong digital Knox”.