PANews reported on March 8 that according to Decrypt, David Sacks, the US cryptocurrency czar, said in an interview that Trump's personal crypto projects (such as the controversial meme coin) have "nothing to do" with government policy. When asked whether Trump's crypto projects affect industry regulation, Sacks said: "I don't think it has any impact, it has nothing to do with our work here." Sacks also said there is no evidence that Trump has personal investments in cryptocurrencies such as Bitcoin.