As the Digital Assets of the White House approaches the summit closer, Senator Elizabeth Warren has sent a letter to David Sachs, which has been sent a letter questioning his connection to the crypto firm Bitwaiz.
On Friday, March 7, the first digital assets of the White House survived the hours before the summit, Senator Elizabeth Warren (D.-Mas) sent a letter to David Sachs, Donald Trump Administration White House AI and Crypto Caesar, which expresses concern over the possible conflicts of interest, Access, Exiosos Have you learntCiting Warren’s letter.
In LetterWarren questions how the federal government’s growing partnership in blockchain can benefit existing cryptocurrency holders, potentially create a conflict of interest. He specifically asked the sacks about his connection to the industry, zero at his previous link for crypto companies.
“Planned Crypto Strategic Reserve Trump Administration is the most recent example of the Crypto policy, which has the ability to benefit some rich, well -involved at the cost of taxpayers.”
Elizabeth Warren
Sachs, who is a special government employee, is free from certain morality regulations, including financial revelations.
He has faced an investigation into his previous role in Craft Ventures, which has supported Crypto companies such as crypto firm, a crypto firm, whose top five holdings, have been corresponding to the five tokens mentioned in the recent announcement of a Range Crypto Reserve of President Trump, Warren Describes Warren.
The senator is also demanding clarity on whether sacks or reserve policys have made trades related to property before the announcement.
“Despite your public statements via X, this is not absolutely clear when you personally divide by BTC, ETH and Sol, when the crafts ventures are divided by the bitwaiz, and whether your close people organize ‘positions’ and are recently sold in price hike.”
Elizabeth Warren
Warren further emphasized that the attitude of the US Securities and Exchange Commission should mold those companies and individuals who make memecoins from potential litigation that can directly benefit President Trump’s coin enterprises, such as official Trump (Trump) and Melania (Melania).
It is believed that the White House Crypto summit will be held on Friday, March 7 from 1:30 pm to 5:30 pm.
As Crypto.NuS had previously reported, US President Donald Trump has signed an executive order to establish a strategic bitcoin reserve. The reserve will be funded with the Bitcoin (BTC) seized by the federal government, which means that taxpayers will not receive any cost.
The US government currently holds around 200,000 BTCs per sack, although no full audit has been done yet. The Executive Order requires complete accounting of federal digital asset holdings and forbids the sale of bitcoin in the reserve, comparing it to “Digital Fort Knoc”.
