Crypto Caesar David Sachs says that he is currently not the owner of any crypto holdings since he currently stepped into his role. Sachs is currently reviewing a government morality.
On March 3, Sachs responded to a post made by Venture Capital Correspondent George Hammond about the non-existed crypto holdings of the public officer. Sachs stated that he was the owner of Crypto Holdings directly in Bitcoin (BTC), Etherem (Ath), and Solan (Sol).
“Right. I sold all my cryptocurrency (including BTC, ETH and Soul) before the introduction of administration,” said sacks in myself Post,
While he has actually sold his direct crypto holdings, sacks are also known for indirect holdings as an investor in bitwaiz asset management. However, in financial times Article Cited by Hammond, an inner source claimed that Crypto Caesar and his investment firm Craft Ventures had sold their direct crypto holdings long after the inauguration of President Trump.
The craft Ventures has a small number of crypto firms including Bitwaiz, Bitgo, Lightning Labs, Tibba and others.
According to the report, Sachs will provide a full update on its holdings as part of the Government Ethics Review. By leaving his crypto holdings before stepping into his role as a crypto Caesar, Sachs are announcing that they have no direct financial share in crypto assets, so they have no bias towards a particular token. It is important to maintain its credibility as a regulator.
A day after Trump’s announcement, Sachs’s post comes that the US government “proceeds” with its plan to set up a crypto strategic reserve which will include major tokens including bitcoin, atherium, XRP (XRP), Solano and Cardano (ADA).
“I will make sure that America is the Crypto capital of the world. We are making America great again! Trump wrote on social media platform Truth Social.
Who is Crypto Czar?
Donald Trump David O. Sachs was appointed as the official “White House AI and Crypto Caesar” on 6 December 2024. The role includes sacks playing an active role in the guide policy for administration in artificial intelligence and cryptocurrency, two sectors that Trump claimed that “would be important for the future of American competition.”
The former COO of David Sachs Payal and a famous enterprise are capitalist. He was also the co-mage of a podcast series called The All-in Podcast.
In his post, Trump praised sacks as someone with “business experience, intelligence and practicality”.
