US Senator Elizabeth Warren has accused White House Crypto Czar David Sacks of investing in Bitwise’s funds with BTC, ETH, SOL, XRP, ADA.
Warren questions Sacks' potential conflict of interest, as the government's support for the blockchain industry could drive up the values of cryptocurrencies, benefiting those who hold them.
She asks Sacks to disclose the identities of those involved in determining the five cryptocurrencies for the national crypto reserve and whether they violated conflict of interest laws.
Warren also requests Sacks to publicly disclose any reports he filed with the Office of Government Ethics and provide evidence of divesting from his crypto holdings.