Elizabeth Warren Urges ‘Crypto Czar’ to Disclose Digital Asset Transactions

Donald Trump’s special advisor on AI and cryptocurrencies, David Sacks, has been asked to provide data on digital asset transactions. This request was made in a letter addressed to him by Senator Elizabeth Warren, reports Axios.

The document raises concerns about potential conflicts of interest involving officials and their teams. It also questions the ethics of actions taken by the U.S. president’s administration.

“Americans deserve leaders who prioritize public interests over their own. I hope you will address these issues,” the letter states.

Warren believes that the federal government will support the blockchain industry, which will increase the value for existing holders and create conflicts of interest for officials.

The legislator reminded that Sacks was a partner at Craft Ventures, which supported cryptocurrency companies, including the investment firm Bitwise. The five largest components of the firm’s index are the same five assets that the president designated for the reserve: Bitcoin, Ethereum, Solana, XRP, and Cardano.

The senator demanded that Sacks provide evidence of liquidating personal holdings in the specified coins, information on any ethical exemptions, and topics he has recused himself from.

On March 3, Trump’s advisor confirmed that he sold all his digital assets before the new U.S. administration began its work.

This response came after Euro Pacific Capital President Peter Schiff called on Congress to investigate the White House’s actions in the cryptocurrency sphere. Politician Aaron Day, who joined the debate, suggested examining the financial activities of Sacks and his family.

On March 7, the U.S. president signed an order to create a crypto reserve. Later that day, the White House will host the first summit with industry participants. It is expected that new details about the reserve’s composition, likely to include XRP, SOL, and ADA, will be revealed at the forum.

Back in January, Congress took an interest in the ethics of Trump’s cryptocurrency initiatives, and in February, Public Citizen urged the Justice Department and the U.S. Office of Government Ethics to investigate TRUMP for potential violations of federal corruption laws.

Earlier, Warren expressed “serious concern” about the “personal ties” of Commerce Secretary and former Cantor Fitzgerald CEO Howard Lutnick with Tether and affiliated parties. She called for details about his stake in the stablecoin issuer and discussions with Trump administration representatives about the company to be disclosed.