David Sacks Rejects The Allegations Of Conflict Of Interest, Calling Them "a Lazy And Stupid Story"

Main to remember

David Sacks criticized the allegations of financial misconduct as slander and defamation.
Sacks has sold more than $ 200 million to cryptographic participation before its advisory role.

David Sacks defended himself against the recent allegations that he used his position to manipulate cryptographic markets, calling baseless affirmations.

Speak in a new episode From the all-in podcast, the AI of the White House and the cryptographic Czar addressed accusations according to which he embarked on a plan to inflate his assets in crypto for personal purposes.

“People went out right away and said that one or another, I was engaged in a plan to pump my bags or to create exit liquidity for myself,” said Sacks, arguing that these statements are serious because they represent crime accusations.

Sacks reiterated that he had sold all of his cryptographic participation before joining the administration to avoid any conflict of interest. He confirmed in a previous declaration that he had sold Bitcoin, Ethereum and Solana.

“Regarding the crypto, there will be fluctuations on the market,” he said. “You never want someone to point out one of these fluctuations and say in one way or other that cryptos benefit from it and create a conspiracy theory, which is exactly what happened.”

Sacks revealed that he and his venture capital company Kraft had liquidated around $ 200 million in cryptographic assets, of which $ 85 million was personally attributable to him.

“We have deleted that before the first day, paying taxes on this subject, and we have essentially said that there would be no conflict,” he said, adding that the meticulous examination then changed; People said that even if he did not have crypto, he was still invested in cryptographic funds.

Sacks said that beyond Direct Crypto Holdings, he also withdrew from several investment funds focused on the crypto, including positions in Bitwise, Capital several timesAnd Blockchain Capital.

“At this point, I think they have essentially abandoned this story,” said Sacks.

According to Calacanis, which manages one of the abandoned funds, the process requires interest in sales funds at “50%, 25% reduction” discounts, potentially resulting in losses of eight or nine figures for bags.

Trump’s Tsar Crypto also rejected the idea that he asked for a financial gain thanks to his role. He revealed that he played an unpaid consultant’s role in the administration.

Sacks criticized the hypothesis that the rich enter the government for financial purposes, appealing “lazy and stupid”.

“It is a lazy and stupid story to say that the reason why someone who is already successful in business goes to government is to earn more money. I was earning money before, “he said. “This implies a substantial disruption of my commercial interests.”

Sacks reiterated that his disinvestments were necessary to avoid any ethical concern, even if it meant enormous financial loss.

“In disinvestment, I must either pay taxes or take a significant discount. It costs you money, “he said. “So it’s just a lazy story that people create. But there is no truth.

Sacks faced a public examination on allegations of potential conflicts of interests related to his role as crypto of Trump and AI Tsar.

Critics, including senator Elizabeth Warren, have raised concerns that the bags could influence the choice of Altcoins de Trump for the American crypto reserve and benefit financially from these choices, which Include bitcoinEthereum, Solana, Cardano, and xrp.

The president finally signed a decree Create a strategic bitcoin reserve And a stock of American digital assets, using legal confiscation.

In an interview with Bloomberg TV Friday, Sacks clarified What Trump previously mentioned XRP, Sol and ADA because they were among the five best cryptographic assets by market capitalization.

Main to remember

David Sacks criticized the allegations of financial misconduct as slander and defamation.
Sacks has sold more than $ 200 million to cryptographic participation before its advisory role.

David Sacks defended himself against the recent allegations that he used his position to manipulate cryptographic markets, calling baseless affirmations.

Speak in a new episode From the all-in podcast, the AI of the White House and the cryptographic Czar addressed accusations according to which he embarked on a plan to inflate his assets in crypto for personal purposes.

“People went out right away and said that one or another, I was engaged in a plan to pump my bags or to create exit liquidity for myself,” said Sacks, arguing that these statements are serious because they represent crime accusations.

Sacks reiterated that he had sold all of his cryptographic participation before joining the administration to avoid any conflict of interest. He confirmed in a previous declaration that he had sold Bitcoin, Ethereum and Solana.

“Regarding the crypto, there will be fluctuations on the market,” he said. “You never want someone to point out one of these fluctuations and say in one way or other that cryptos benefit from it and create a conspiracy theory, which is exactly what happened.”

Sacks revealed that he and his venture capital company Kraft had liquidated around $ 200 million in cryptographic assets, of which $ 85 million was personally attributable to him.

“We have deleted that before the first day, paying taxes on this subject, and we have essentially said that there would be no conflict,” he said, adding that the meticulous examination then changed; People said that even if he did not have crypto, he was still invested in cryptographic funds.

Sacks said that beyond Direct Crypto Holdings, he also withdrew from several investment funds focused on the crypto, including positions in Bitwise, Capital several timesAnd Blockchain Capital.

“At this point, I think they have essentially abandoned this story,” said Sacks.

According to Calacanis, which manages one of the abandoned funds, the process requires interest in sales funds at “50%, 25% reduction” discounts, potentially resulting in losses of eight or nine figures for bags.

Trump’s Tsar Crypto also rejected the idea that he asked for a financial gain thanks to his role. He revealed that he played an unpaid consultant’s role in the administration.

Sacks criticized the hypothesis that the rich enter the government for financial purposes, appealing “lazy and stupid”.

“It is a lazy and stupid story to say that the reason why someone who is already successful in business goes to government is to earn more money. I was earning money before, “he said. “This implies a substantial disruption of my commercial interests.”

Sacks reiterated that his disinvestments were necessary to avoid any ethical concern, even if it meant enormous financial loss.

“In disinvestment, I must either pay taxes or take a significant discount. It costs you money, “he said. “So it’s just a lazy story that people create. But there is no truth.

Sacks faced a public examination on allegations of potential conflicts of interests related to his role as crypto of Trump and AI Tsar.

Critics, including senator Elizabeth Warren, have raised concerns that the bags could influence the choice of Altcoins de Trump for the American crypto reserve and benefit financially from these choices, which Include bitcoinEthereum, Solana, Cardano, and xrp.

The president finally signed a decree Create a strategic bitcoin reserve And a stock of American digital assets, using legal confiscation.

In an interview with Bloomberg TV Friday, Sacks clarified What Trump previously mentioned XRP, Sol and ADA because they were among the five best cryptographic assets by market capitalization.

Main to remember

David Sacks criticized the allegations of financial misconduct as slander and defamation.
Sacks has sold more than $ 200 million to cryptographic participation before its advisory role.

David Sacks defended himself against the recent allegations that he used his position to manipulate cryptographic markets, calling baseless affirmations.

Speak in a new episode From the all-in podcast, the AI of the White House and the cryptographic Czar addressed accusations according to which he embarked on a plan to inflate his assets in crypto for personal purposes.

“People went out right away and said that one or another, I was engaged in a plan to pump my bags or to create exit liquidity for myself,” said Sacks, arguing that these statements are serious because they represent crime accusations.

Sacks reiterated that he had sold all of his cryptographic participation before joining the administration to avoid any conflict of interest. He confirmed in a previous declaration that he had sold Bitcoin, Ethereum and Solana.

“Regarding the crypto, there will be fluctuations on the market,” he said. “You never want someone to point out one of these fluctuations and say in one way or other that cryptos benefit from it and create a conspiracy theory, which is exactly what happened.”

Sacks revealed that he and his venture capital company Kraft had liquidated around $ 200 million in cryptographic assets, of which $ 85 million was personally attributable to him.

“We have deleted that before the first day, paying taxes on this subject, and we have essentially said that there would be no conflict,” he said, adding that the meticulous examination then changed; People said that even if he did not have crypto, he was still invested in cryptographic funds.

Sacks said that beyond Direct Crypto Holdings, he also withdrew from several investment funds focused on the crypto, including positions in Bitwise, Capital several timesAnd Blockchain Capital.

“At this point, I think they have essentially abandoned this story,” said Sacks.

According to Calacanis, which manages one of the abandoned funds, the process requires interest in sales funds at “50%, 25% reduction” discounts, potentially resulting in losses of eight or nine figures for bags.

Trump’s Tsar Crypto also rejected the idea that he asked for a financial gain thanks to his role. He revealed that he played an unpaid consultant’s role in the administration.

Sacks criticized the hypothesis that the rich enter the government for financial purposes, appealing “lazy and stupid”.

“It is a lazy and stupid story to say that the reason why someone who is already successful in business goes to government is to earn more money. I was earning money before, “he said. “This implies a substantial disruption of my commercial interests.”

Sacks reiterated that his disinvestments were necessary to avoid any ethical concern, even if it meant enormous financial loss.

“In disinvestment, I must either pay taxes or take a significant discount. It costs you money, “he said. “So it’s just a lazy story that people create. But there is no truth.

Sacks faced a public examination on allegations of potential conflicts of interests related to his role as crypto of Trump and AI Tsar.

Critics, including senator Elizabeth Warren, have raised concerns that the bags could influence the choice of Altcoins de Trump for the American crypto reserve and benefit financially from these choices, which Include bitcoinEthereum, Solana, Cardano, and xrp.

The president finally signed a decree Create a strategic bitcoin reserve And a stock of American digital assets, using legal confiscation.

In an interview with Bloomberg TV Friday, Sacks clarified What Trump previously mentioned XRP, Sol and ADA because they were among the five best cryptographic assets by market capitalization.

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