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CRYPTO CRUSADER DAVID SACKS FIGHTS BACK: “I DID NOT ‘DUMP’ MY CRYPTO!”
In a wild turn of events that’s causing a stir in the crypto-verse, David Sacks – the self-proclaimed AI overlord for the White House – has lashed out at the media for their “unjust” portrayal of his decision to sell off his digital assets. Hold on to your wallets, because the drama is thick!
SACKS SHOCKER: IT’S NOT A CONFIDENCE CRISIS, FOLKS!
Sacks, sounding off in a March 18 tirade on X, slammed reports claiming he had “dumped” his crypto investments. “Why does the media always want to portray crypto in the worst light? I did not ‘dump’ my cryptocurrency; I divested it,” he asserted defiantly!
But why the sudden sell-off of over $200 MILLION in crypto holdings? The answer’s simple—or is it? Under strict government ethics rules, officials like Sacks must liquidate personal digital asset investments before diving into any crypto-related policymaking. So, is he doing this for the nation or simply to save his own skin?
CASHING IN: SACKS PUTS HIS MONEY WHERE HIS MOUTH IS!
Earlier this month, Sacks confirmed he unloaded ALL his digital assets, including a jaw-dropping $85 MILLION before taking his high-powered role. Talk about a bold move! His notorious investment firm, Craft Ventures, has ties to big players in the digital space, holding stakes in Robinhood, Coinbase, and even venture capital firms like Multicoin Capital and Blockchain Capital. But now? It’s a completely different story!
While Craft Ventures still has a foot in the crypto world, Sacks himself has zero direct exposure to any digital assets. His remaining stakes in firms like BitGo and Lightning Labs only account for a negligible fraction of his fortune – about 2.5% and 1.1% respectively.
SACKS UNDER FIRE: ETHICS OR GREED?
As rumors swirl, some critics are questioning Sacks’ motives after Trump suggested that certain cryptos, like Solana, would become part of a NATIONAL DIGITAL ASSETS RESERVE! Have the tables turned, and is he using his high-profile position to fatten his own wallet? Speculation peaked after the President announced the creation of a strategic Bitcoin reserve.
Fighting back against accusations of shady dealings, Sacks claimed he had already sold off much of his crypto holdings to keep everything above board. And he’s not alone in his defense! Notable crypto whale Cameron Winklevoss of Gemini fame stepped in to vouch for him, proclaiming, “He is doing tremendous work and will not be sharing in any of the economic upside to avoid even the slightest appearance of a conflict.”
STAY TUNED FOR THE NEXT CHAPTER IN THIS CRYPTO SAGA!
As this explosive drama unfolds, one thing is crystal clear: David Sacks is not going down without a fight! Will he manage to prove his worth, or is this just the start of a storm in the crypto world? Buckle up, crypto enthusiasts, because this saga is far from over!
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