Sen. Elizabeth Warren on Friday sent a letter to Donald Trump’s crypto and AI czar #David #Sacks
raising concerns about potential conflicts of interest in his role
and asked him to make his financial disclosures with the government public,
days after Trump announced the creation of an American “crypto strategic reserve

In her letter, the senator asks Sacks how he has addressed his
“conflicts of interest”
and how he intends to prevent “the President and other private individuals from directly profiting off of the Trump Administration’s efforts to selectively pump the value of certain crypto assets.”

Warren’s letter raises alarm at several moves made by the Trump administration on crypto recently,
including the SEC’s assertion that meme coins are not securities,
the regulator dropping its case against Coinbase
and the pause in the case against crypto entrepreneur Justin Sun.

Warren, who is a ranking member on the Senate’s banking committee,
asks Sacks to reveal whether he has filed any financial disclosures with the Office of Government Ethics, if he has recused himself on any matter after accepting the role and how long he intends to serve as a “special government employee.”

Warren’s letter also seeks disclosure on the exact dates Sacks divested Bitcoin,
Ether, and Sol tokens from his portfolio
(as per his claims)
and the exact date his firm Craft Ventures divested from crypto asset manager Bitwise investments.

Warren also wants Sacks to make several other disclosures covering his potential advanced knowledge of Trump’s crypto reserve announcement and how the Trump administration picked the tokens to be included in the reserve, among other things.
https://www.forbes.com/sites/siladityaray/2025/03/07/sen-elizabeth-warren-raises-conflict-of-interest-concerns-in-letter-to-trumps-crypto-czar-seeks-financial-disclosures/

At 10:24am on Sunday morning in Washington, D.C., Donald Trump posted to Truth Social that the upcoming US Crypto Reserve would contain XRP, SOL, and ADA.

That Trump decided to bless three assets that the Securities and Exchange Commission (SEC) had previously designated as unregistered securities barely registered with post-Gary Gensler crypto investors.

Indeed, since Trump’s inauguration, lawsuits initiated by Gensler’s SEC against Uniswap, Coinbase, Robinhood, Gemini, Metamask, OpenSea, Justin Sun, and Richard Heart have been abruptly terminated.

Moreover, that Trump decided to first bless non-bitcoin assets after debuting his promise of a sovereign stockpile at a 2024 BTC maximalist conference was also unsurprising
after he and his wife decided to launch two meme coins on Solana during his Inauguration week.

Even less of a surprise is the financial conflict of interest that Trump’s appointed Crypto Czar #David #Sacks has with XRP, SOL, and ADA.

For example, Sacks is one of the earliest investors in SOL via his limited partnership in Multicoin Capital and has publicly laughed about selling his early bags to latecomers.

Sacks is also a lead investor in Bitwise Asset Management, whose flagship BITW index fund is maximally allocated to all five of the crypto assets that Trump named.

Over 97% of BITW consists of XRP, SOL, ADA, BTC, and ETH holdings.

The potential conflicts of interest extend beyond David Sacks to Trump himself,
as recent financial disclosures reveal significant holdings in XRP, SOL, and ADA through various Trump entities like World Liberty Financial.

That presidential entity owns staked ETH and wrapped BTC — two assets that Trump endorsed yesterday.

https://protos.com/trumps-crypto-reserve-conveniently-mirrors-david-sacks-backed-fund/

Man kann es nicht oft genug sagen, um den Hintergrund zu verstehen:

> Mr. #Musk is one of a number of #reactionary figures with roots in Southern Africa who found an unlikely home in Silicon Valley and now wield disproportionate influence in shaping American and global right-wing politics. These men, such as Peter #Thiel and David #Sacks, emerged from a historical tradition that revered hierarchy and sought to sustain racial and economic dominance..."

https://www.nytimes.com/2025/02/28/opinion/elon-musk-south-africa.html?smid=nytcore-android-share

The Worldview of the #Afrikaner #Diaspora Now Haunts the US
Elon #Musk and other tech moguls with roots in #apartheid -era #SouthAfrica have been shaped by the history of #rightwing #whitenationalism
https://newlinesmag.com/argument/the-worldview-of-the-afrikaner-diaspora-now-haunts-the-us/

#Elon Musk, Peter #Thiel and David #Sacks

"In 1995, a year after the ANC began attempt­ing that in South Africa, #Thiel & #Sacks, who met @ Stan­ford, pub­lished The Diversity Myth in the US. It’s a flu­ent defence of “west­ern civil­isa­tion” against “mul­ti­cul­tur­al­ism” (or what the right now calls “woke”), writ­ten by 2 white twentyso­methings who are sure that racism isn’t the prob­lem. Indeed, they explain: “There are almost no real racists . . . in Amer­ica’s younger gen­er­a­tion.”

https://ft.pressreader.com/article/282355455139348

#MAGA
#Apartheid

"In 1995, a year after the ANC began attempt­ing that in South Africa, #Thiel & #Sacks, who met @ Stan­ford, pub­lished The Diversity Myth in the US. It’s a flu­ent defence of “west­ern civil­isa­tion” against “mul­ti­cul­tur­al­ism” (or what the right now calls “woke”), writ­ten by 2 white twentyso­methings who are sure that racism isn’t the prob­lem. Indeed, they explain: “There are almost no real racists . . . in Amer­ica’s younger gen­er­a­tion.”

https://ft.pressreader.com/article/282355455139348

#MAGA
#Apartheid

When did the South African Apartheid regime take over the US?

https://apnews.com/article/trump-south-africa-apartheid-musk-1be10eb4e443682501f2d7bc5aa0b893

#Musk
#Thiel
#Sacks
#MAGA

When did the South African Apartheid regime take over the US?

https://apnews.com/article/trump-south-africa-apartheid-musk-1be10eb4e443682501f2d7bc5aa0b893

#Musk
#Thiel
#Sacks
#MAGA

Why is Elon so obsessed with USAID, a relatively smallagency mostly known for saving starving kids and such?

It's because USAID played a significant role in the fall of apartheid South Africa.

The country where he grew up is gone forever, and he wants vengeance.

--

Thiel, Sacks, and Soon-Shiong are from apartheid South Africa too. They're mad that their hyper-racist playground is gone and they want to rebuild it here.