The AI of the White House and the Crypto David Sacks advisor criticized the claims that he had “thrown” his cryptographic participations and specified thatAfter being appointed by President Donald Trump, he was to give in due to the government’s ethics rules.
In an article on social networks of March 19, Sacks addressed recent reports suggesting that he had sold his investments Bitcoin (BTC), Ethereum (ETH) and Solana (soil), declaring that the characterization was misleading.
“I did not” pour “my cryptocurrency; I abandoned it. Obviously, I would have preferred not to do so, but the government’s rules of ethics have required it. It is an honor to serve President Trump and the American people. ”
According to a white house memo, Sacks liquidated more than $ 200 million in digital assets before Trump took up his duties. His company, Craft Ventures, also left positions in actions related to the crypto, including Coinbase (Coin), Robinhood (Hood) and the Bitwise 10 Crypto Index Fund.
This decision came in the midst of a meticulous examination on the role of Sacks in the administration, some specifying that his influence played a role in discussions on the integration of certain cryptocurrencies in a reserve of potential American digital assets.
The debate of media cover sparks
Clarification of Sacks has rekindled discussions on how crypto is represented in the media. Some industry figures argue that skepticism on digital assets influences the way the media frame stories.
The co-founder of the HQ HQ, David Hoffman, suggested that negative titles reflect a broader public feeling rather than deliberate biases.
Hoffman wrote in response to the Sacks post:
“Most people are without crypto and do not want the crypto to be well because they do not want to hold the cognitive dissonance of making wealth in crypto. The media draw the big titles to meet this need.”
The founder of Binance, Changpeng ‘Cz’, Zhao echoed the feeling and said that the media hiered engagement rather than precision.
Cz wrote:
“The media only sells clicks, not ethics.”
He also criticized a recent report of the Wall Street Journal alleging that the Trump family planned to acquire a participation in Binance US in exchange for forgiveness, calling underlying history.
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