Trump's Crypto Czar: "Selling Crypto Assets Was Not Abandonment, But Compliance with Ethics Regulations"

Uk Jin

Summary

David Sacks revealed that he sold his crypto assets to comply with government ethics rules.
He emphasized that he did not abandon crypto assets and criticized some media for their sensationalist reporting.
Sacks pointed out the media's tendency to portray crypto assets negatively.

David Sacks, who is serving as the United States' crypto asset (cryptocurrency) czar, has explained the circumstances of selling his crypto holdings.

On the 18th (local time), David Sacks stated through his X (formerly Twitter), "I didn't abandon crypto assets. I simply disposed of them in accordance with government ethics rules."

In particular, David Sacks also criticized some media's sensationalist headlines in his post. The article in question had a headline stating 'Crypto Czar Abandons Bitcoin, Ethereum, and Other Crypto Assets,' to which David Sacks lamented, "Why does the media always want to portray crypto assets in the worst possible light?"