US Senator Elizabeth Warren Sends Letter to Crypto CEO David Sacks! Here Are the Questions She Asked

On the morning of the White House's first Digital Assets Summit, Senator Elizabeth Warren sent a letter to President Donald Trump's crypto and artificial intelligence chief David Sacks, expressing concerns about potential conflicts of interest in addressing the administration's digital asset policies.

Elizabeth Warren questions Trump's Crypto Czar on Potential Conflict of Interest

Warren argues that with the increased involvement of the federal government in the blockchain industry, it could inflate the value of existing holdings and create potential conflicts of interest for policymakers.

In his letter, he questions whether there are financial incentives tied to Sacks and his team's decisions and emphasizes ethical concerns regarding the management's approach to cryptocurrency regulation.

Questions from Warren to Sacks

The senator is demanding transparency on the following issues:

• Who advised on the selection of assets for Trump's crypto reserve?
• Whether any relevant official has engaged in cryptocurrency trading before the announcement.
• Whether Sacks has completely withdrawn his personal investments in the mentioned cryptocurrencies.
• Any ethical waiver or refusal letter submitted to Sacks Government Ethics Office.

Trump's announcement of the Strategic Bitcoin Reserve on Sunday initially triggered a $300 billion global crypto rally, but prices dropped on Thursday night when the White House announced that the reserve would only include confiscated assets and would not be supported by government purchases.

Warren argues that Americans deserve strong leaders who prioritize public interests over personal interests. Warren now demands Sacks to disclose his ethical files to the public and ensure that policy decisions are not tainted by financial interests.