Summary
- US White House Crypto Czar David Sacks announced that he has terminated his investment in Multicoin Capital.
- Sacks stated that he sold all cryptocurrencies and related funds before taking office.
- This announcement appears to be a response to allegations of insider trading.
The White House's cryptocurrency and artificial intelligence (AI) czar has announced that he has terminated his investment in Multicoin Capital.
On the 4th (local time), Crypto Czar David Sacks stated via X, "I have already terminated my investment in Multicoin Capital," adding that "despite it being before my appointment, I voluntarily sold all cryptocurrencies and cryptocurrency-related funds." He further added, "It would be better to wait for the facts before making baseless and hysterical accusations."
This statement comes in response to allegations of insider trading raised against David Sacks in some quarters.
Previously, Czar Sacks had reported that he sold all cryptocurrencies he held prior to taking office.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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