Close Menu
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
What's Hot

Metaplanet’s $5 Billion Capital Fuels Bitcoin Strategy

June 27, 2025

The COIN Act: Can This Bill Stop Trump’s Digital Cash Flow?

June 27, 2025

Polymarket NYC Mayor Betting Sees Big Jump As Scandals Unfold

June 27, 2025
Facebook X (Twitter) Instagram
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy
X (Twitter) Telegram
Crypto Junction
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
Crypto Junction
Home » Trump’s Crypto Czar David Sacks Denies ‘Dumping’ Bitcoin and Ethereum, Says Ethics Rules Forced Divestment
Crypto

Trump’s Crypto Czar David Sacks Denies ‘Dumping’ Bitcoin and Ethereum, Says Ethics Rules Forced Divestment

Karly MarieBy Karly MarieMarch 21, 20252 Mins Read
Twitter Telegram Copy Link Pinterest LinkedIn Facebook Reddit
Share
Twitter Telegram Facebook Pinterest Copy Link

White House-appointed ‘Crypto Czar’ David Sacks has responded to speculation surrounding his recent divestment from Bitcoin, Ethereum, and Solana, insisting that it was a requirement under government ethics rules rather than a voluntary move.

Sacks, a longtime crypto investor and a vocal advocate for digital assets, took to X (formerly Twitter) to push back against media reports suggesting he “dumped” his holdings before taking office.

“Why does the media always want to portray cryptocurrency in the worst light? I did not ‘dump’ my cryptocurrency; I divested it,” Sacks posted on March 19. “Obviously, I would have preferred not to, but government ethics rules required it.”

Why Did Sacks Sell His Crypto Holdings?

Under U.S. Office of Government Ethics rules, officials involved in shaping cryptocurrency policy must divest their personal digital asset holdings to avoid conflicts of interest.

Earlier this month, Sacks confirmed that he had liquidated all his crypto investments, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), before formally joining the Trump administration.

However, his investment firm, Crypto Ventures, still holds stakes in several crypto startups, though Sacks himself no longer has direct exposure to digital assets.

The Bigger Picture: Trump’s Crypto Policies and Industry Impact

Sacks’ appointment as Crypto Czar in December 2024 signaled a major shift in the regulatory landscape, with the Trump administration expected to take a more business-friendly stance on crypto compared to previous leadership.

Sacks has been a key figure in Trump’s financial circle, hosting a $12 million fundraiser for the former president alongside venture capitalist Chamath Palihapitiya.

His move to distance himself from direct crypto holdings raises several questions:

  • Will Trump’s administration push for deregulation in crypto markets?
  • How will Sacks’ policy decisions influence Bitcoin, Ethereum, and Solana?
  • Will institutional investors gain confidence in digital assets under new leadership?

As crypto regulations continue evolving under the Trump administration, all eyes will be on how Sacks navigates his role while balancing government policies with industry interests.

Bitcoin divestment crypto regulations US David Sacks crypto Ethereum sale Trump crypto czar
Share. Telegram Twitter LinkedIn Pinterest Facebook Reddit Copy Link
Karly Marie
Karly Marie

Related Posts

Ethereum Price Drop Triggers Biggest ETF Outflow Yet

June 25, 2025

CoinMarketCap Security Breach Triggers Wallet Scam Alert

June 25, 2025

Nakamoto Bitcoin Treasury Expansion Hits Record $51.5M

June 25, 2025

Bloomberg Altcoin ETF Approvals Soar To 90% Odds

June 25, 2025
Trending Posts

Crypto’s Tumultuous 2022: A Year of Breakthroughs, Hacks, and Industry Shocks

December 30, 2022

Ethereum Foundation Restructures Core Team Amid Layoffs

June 16, 2025

Bitcoin Cash Hash War: ABC vs. SV, Who Won, What’s Next?

November 26, 2018

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Crypto Junction, founded in 2014, is one of the original and most trusted sources for cryptocurrency news and blockchain insights. We provide accurate, unbiased, and timely coverage of digital assets, market trends, and industry developments.

All content on Crypto Junction is for informational and educational purposes only and should not be considered financial, investment, or legal advice. Cryptocurrency investments are highly volatile and carry risks. Always conduct your own research before making financial decisions.

We're social. Connect with us:

X (Twitter) Telegram
Top Insights

Metaplanet’s $5 Billion Capital Fuels Bitcoin Strategy

June 27, 2025

The COIN Act: Can This Bill Stop Trump’s Digital Cash Flow?

June 27, 2025

Polymarket NYC Mayor Betting Sees Big Jump As Scandals Unfold

June 27, 2025
ABOUT
  • About Us
  • Cookie Policy
  • Editorial Policy
  • Investment Disclaimer
  • Press and Media Kit
  • Terms of Service
  • Affiliate Disclosure
  • Contact Us
NEWSLETTER

Subscribe to Updates

Get the latest crypto news and updates direct to your inbox - we don't spam

X (Twitter) Telegram
  • Altcoin News
  • Bitcoin News
  • Dogecoin News
  • Ethereum News
  • Litecoin News
  • Meme Coin News
  • Solana News
  • XRP News
© 2025 Crypto Junction

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 107,244.73
ethereum
Ethereum (ETH) $ 2,422.52
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.19
bnb
BNB (BNB) $ 645.93
solana
Solana (SOL) $ 143.38
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.273757
dogecoin
Dogecoin (DOGE) $ 0.162374
staked-ether
Lido Staked Ether (STETH) $ 2,419.62
cardano
Cardano (ADA) $ 0.562676
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 107,157.71
hyperliquid
Hyperliquid (HYPE) $ 36.69
bitcoin-cash
Bitcoin Cash (BCH) $ 500.91
wrapped-steth
Wrapped stETH (WSTETH) $ 2,916.84
sui
Sui (SUI) $ 2.70
chainlink
Chainlink (LINK) $ 13.17
leo-token
LEO Token (LEO) $ 9.07
stellar
Stellar (XLM) $ 0.239125
avalanche-2
Avalanche (AVAX) $ 17.66
usds
USDS (USDS) $ 1.00
the-open-network
Toncoin (TON) $ 2.86
shiba-inu
Shiba Inu (SHIB) $ 0.000011
whitebit
WhiteBIT Coin (WBT) $ 46.34
weth
WETH (WETH) $ 2,422.74
litecoin
Litecoin (LTC) $ 85.28
wrapped-eeth
Wrapped eETH (WEETH) $ 2,591.02
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
hedera-hashgraph
Hedera (HBAR) $ 0.14686
monero
Monero (XMR) $ 306.01
bitget-token
Bitget Token (BGB) $ 4.68
ethena-usde
Ethena USDe (USDE) $ 1.00
polkadot
Polkadot (DOT) $ 3.38
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 107,263.74
pi-network
Pi Network (PI) $ 0.564845
uniswap
Uniswap (UNI) $ 6.91
aave
Aave (AAVE) $ 257.98
pepe
Pepe (PEPE) $ 0.000009
dai
Dai (DAI) $ 1.00
aptos
Aptos (APT) $ 4.93
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
okb
OKB (OKB) $ 50.34
bittensor
Bittensor (TAO) $ 328.12
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
near
NEAR Protocol (NEAR) $ 2.12
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 173.68
internet-computer
Internet Computer (ICP) $ 4.78
crypto-com-chain
Cronos (CRO) $ 0.080677
ethereum-classic
Ethereum Classic (ETC) $ 16.18
susds
sUSDS (SUSDS) $ 1.06
ondo-finance
Ondo (ONDO) $ 0.749583
tokenize-xchange
Tokenize Xchange (TKX) $ 27.77
usd1-wlfi
USD1 (USD1) $ 1.00
mantle
Mantle (MNT) $ 0.596164
kaspa
Kaspa (KAS) $ 0.074284
fasttoken
Fasttoken (FTN) $ 4.41
gatechain-token
Gate (GT) $ 15.65
official-trump
Official Trump (TRUMP) $ 9.03
cosmos
Cosmos Hub (ATOM) $ 3.95
vechain
VeChain (VET) $ 0.020543
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.672852
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 107,307.75
sky
Sky (SKY) $ 0.078569
render-token
Render (RENDER) $ 3.20
sei-network
Sei (SEI) $ 0.291525
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.175475
ethena
Ethena (ENA) $ 0.254296
arbitrum
Arbitrum (ARB) $ 0.305974
quant-network
Quant (QNT) $ 104.37
algorand
Algorand (ALGO) $ 0.175412
filecoin
Filecoin (FIL) $ 2.21
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.38
first-digital-usd
First Digital USD (FDUSD) $ 0.999539
worldcoin-wld
Worldcoin (WLD) $ 0.876651
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,422.83
usdtb
USDtb (USDTB) $ 1.00
kucoin-shares
KuCoin (KCS) $ 11.12
binance-staked-sol
Binance Staked SOL (BNSOL) $ 151.75
usdt0
USDT0 (USDT0) $ 1.00
jupiter-exchange-solana
Jupiter (JUP) $ 0.40894
nexo
NEXO (NEXO) $ 1.20
flare-networks
Flare (FLR) $ 0.017156
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,760.26
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,537.66
spx6900
SPX6900 (SPX) $ 1.17
bonk
Bonk (BONK) $ 0.000013
injective-protocol
Injective (INJ) $ 10.62
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
fartcoin
Fartcoin (FARTCOIN) $ 1.03
kaia
Kaia (KAIA) $ 0.175264
blockstack
Stacks (STX) $ 0.660532
celestia
Celestia (TIA) $ 1.45
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
sonic-3
Sonic (S) $ 0.306049
paypal-usd
PayPal USD (PYUSD) $ 0.999787
xdce-crowd-sale
XDC Network (XDC) $ 0.059517
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.46
optimism
Optimism (OP) $ 0.538935
pax-gold
PAX Gold (PAXG) $ 3,298.49
solv-btc
Solv Protocol BTC (SOLVBTC) $ 106,939.65