PANews reported on March 7 that according to Axios, US Senator Elizabeth Warren wrote to David Sacks, the Trump administration's director of encryption and artificial intelligence affairs, asking him to disclose information about potential conflicts of interest and disclose transparency in the policy-making process.

Warren questioned whether policymakers could benefit from the government's deep support for the blockchain industry. She specifically pointed out that Sachs was a partner at Craft Ventures, which invested in Bitwise, and the top five assets of the Bitwise 10 Index Fund (BTC, ETH, SOL, XRP, ADA) are exactly the assets that the Trump administration plans to include in the strategic reserve.

After Trump announced the strategic Bitcoin reserve, the market briefly rose by $300 billion, and then fell sharply due to the statement that the government would not purchase additional assets. Warren asked Sachs to make public his financial reports to prove that he had withdrawn from the relevant investments and disclose whether policymakers had related transactions before the announcement.

It is worth noting that Bitwise CEO confirmed yesterday that David Sacks, the White House AI and encryption director, has sold the company's shares . David Sacks also said that he has sold Multicoin holdings and cleared all crypto assets .