Sen. Elizabeth Warren on Friday sent a letter to Donald Trump’s crypto and AI czar #David #Sacks
raising concerns about potential conflicts of interest in his role
and asked him to make his financial disclosures with the government public,
days after Trump announced the creation of an American “crypto strategic reserve
In her letter, the senator asks Sacks how he has addressed his
“conflicts of interest”
and how he intends to prevent “the President and other private individuals from directly profiting off of the Trump Administration’s efforts to selectively pump the value of certain crypto assets.”
Warren’s letter raises alarm at several moves made by the Trump administration on crypto recently,
including the SEC’s assertion that meme coins are not securities,
the regulator dropping its case against Coinbase
and the pause in the case against crypto entrepreneur Justin Sun.
Warren, who is a ranking member on the Senate’s banking committee,
asks Sacks to reveal whether he has filed any financial disclosures with the Office of Government Ethics, if he has recused himself on any matter after accepting the role and how long he intends to serve as a “special government employee.”
Warren’s letter also seeks disclosure on the exact dates Sacks divested Bitcoin,
Ether, and Sol tokens from his portfolio
(as per his claims)
and the exact date his firm Craft Ventures divested from crypto asset manager Bitwise investments.
Warren also wants Sacks to make several other disclosures covering his potential advanced knowledge of Trump’s crypto reserve announcement and how the Trump administration picked the tokens to be included in the reserve, among other things.
https://www.forbes.com/sites/siladityaray/2025/03/07/sen-elizabeth-warren-raises-conflict-of-interest-concerns-in-letter-to-trumps-crypto-czar-seeks-financial-disclosures/