Trump Crypto Czar Sacks Sells Over $200 Million in Investments
1 week, 6 days ago

Trump Crypto Czar Sacks Sells Over $200 Million in Investments

Live Mint  

David Sacks, President Donald Trump’s adviser for artificial intelligence and cryptocurrencies, and his venture-capital firm Craft Ventures have divested more than $200 million worth of holdings related to the digital-asset industry, according to a memo released by the White House. Sacks and Craft Ventures sold all their liquid cryptocurrency holdings, including Bitcoin, Ethereum and Solana, prior to Trump’s inauguration, the memo dated March 5 from White House counsel David Warrington said. Sacks divested his stock in Coinbase Global Inc. and Robinhood Markets Inc. as well as limited-partner interests in crypto funds Multicoin Capital and Blockchain Capital, according to the memo. Craft also sold its interests in Multicoin Capital and Bitwise Asset Management Inc. At least $85 million of the more than $200 million in divestments was attributable directly to Sacks, the memo said, adding that the sales came “at a significant tax cost” because special government employees like Sacks are not entitled to deferments of capital-gains taxes.

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History of this topic

Trump’s crypto empire set to expand with new stablecoin and investment fund offerings
2 days, 2 hours ago

Trump’s crypto empire set to expand with new stablecoin and investment fund offerings

Associated Press  

President Donald Trump’s crypto empire is expanding with the recent announcements of a new dollar-backed stablecoin and investment funds for digital assets. World Liberty Financial, a cryptocurrency venture Trump helped launch last year, announced Tuesday that it plans to launch USD1, a stablecoin pegged at a 1-to-1 ratio to the U.S. dollar. “We’re offering a digital dollar stablecoin that sovereign …

Top Trump official’s crypto ties raise red flags as the administration peddles digital assets
2 weeks ago

Top Trump official’s crypto ties raise red flags as the administration peddles digital assets

CNN  

New York CNN — At a White House summit last week, Commerce Secretary Howard Lutnick spoke passionately about the Trump administration’s plans to embrace cryptocurrencies, a largely unregulated industry that has historically operated on the fringes of finance. “And they have been, for the most part, unclear on exactly what they’ll be doing in terms of divestment and recusal.” Promoting …

Opinion: Trump's Strategic Bitcoin Reserve Is Just Another Scam
2 weeks, 4 days ago

Opinion: Trump's Strategic Bitcoin Reserve Is Just Another Scam

Huff Post  

WASHINGTON – Imagine if President Bill Clinton created a Strategic Beanie Baby Reserve, hoping the ugly dolls could someday pay down the national debt. “They’re just used to gamble.” Even Avik Roy ― once a top policy adviser to Republican presidential nominee Mitt Romney who believes that stockpiling specifically Bitcoin, because of its finite supply and wide acceptance, might be …

Crypto executives descend on Washington for a victory lap
2 weeks, 6 days ago

Crypto executives descend on Washington for a victory lap

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. Friday’s meeting will bring together a tight-knit circle of crypto elite, including Coinbase CEO Brian Armstrong and billionaire tech entrepreneur/bitcoin hype man Michael Saylor, among others. “I think the most important thing that’s going to happen tomorrow is all of us are going to express our gratitude to the …

Bitcoin prices fall 5% after Donald Trump orders US strategic reserve
2 weeks, 6 days ago

Bitcoin prices fall 5% after Donald Trump orders US strategic reserve

India Today  

Bitcoin prices fell over 5% after US President Donald Trump signed an executive order to establish a strategic bitcoin reserve. The White House crypto czar, billionaire David Sacks, said on social media platform X that the reserve would be built using bitcoin owned by the US government. The White House crypto summit on Friday is expected to be a platform …

Trump pledges support for crypto sector at White House summit
2 weeks, 6 days ago

Trump pledges support for crypto sector at White House summit

NPR  

Trump pledges support for crypto sector at White House summit toggle caption Jim Watson/AFP President Trump invited cryptocurrency advocates to the White House Friday for a summit on digital assets, a first-of-its-kind event aimed at highlighting the significant shift in posture that the Trump administration is taking on crypto compared with its predecessors. The event came hours after Trump signed …

Trump creates a Strategic Bitcoin Reserve one day ahead of White House crypto summit
Top News
3 weeks ago

Trump creates a Strategic Bitcoin Reserve one day ahead of White House crypto summit

CNN  

New York CNN — President Donald Trump established a Strategic Bitcoin Reserve and a stockpile of other digital assets through an executive order on Thursday, shortly before hosting a crypto summit at the White House. “Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve.” …

Trump’s crypto advisers weigh paths to a national stockpile
Top News
3 weeks, 1 day ago

Trump’s crypto advisers weigh paths to a national stockpile

Live Mint  

President Trump wants to build a federal cryptocurrency reserve. The president said Sunday he wanted bitcoin, ether and three smaller tokens in a stockpile similar to the country’s gold reserve. Trump didn’t say whether the reserve would make new crypto purchases or reassign existing holdings seized from criminals. An interagency working group Trump created by executive order is a month …

Even the crypto bros don’t love Trump’s proposed crypto reserve
3 weeks, 2 days ago

Even the crypto bros don’t love Trump’s proposed crypto reserve

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. It’s “wrong to tax me for crypto bro schemes,” tweeted Joe Lonsdale, a tech entrepreneur who described himself in this thread as pro-crypto and broadly supportive of the Trump administration. Another tech executive, Michael Bentley of the UK-based Euler Labs, wrote on X that the reserve idea was a …

Even the crypto bros don’t love Trump’s proposed crypto reserve
3 weeks, 2 days ago

Even the crypto bros don’t love Trump’s proposed crypto reserve

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. It’s “wrong to tax me for crypto bro schemes,” tweeted Joe Lonsdale, a tech entrepreneur who described himself in this thread as pro-crypto and broadly supportive of the Trump administration. Another tech executive, Michael Bentley of the UK-based Euler Labs, wrote on X that the reserve idea was a …

"The issue that derails his second term": Trump's crypto reserve gets pushback
3 weeks, 2 days ago

"The issue that derails his second term": Trump's crypto reserve gets pushback

Salon  

It's been an up-and-down year for cryptocurrency since President Trump took office, pledging to make the U.S. the "crypto capital of the planet." So when he made his latest pro-crypto announcement, posting on Sunday that the U.S. government would purchase and hold digital tokens in a "Crypto Strategic Reserve," prices briefly surged. “It’s a pure transfer of wealth to certain …

Trump Preparing Potentially Biggest Giveaway To Superrich Since Robber Baron Days
3 weeks, 2 days ago

Trump Preparing Potentially Biggest Giveaway To Superrich Since Robber Baron Days

Huff Post  

White House "crypto czar" David Sacks and President Donald Trump will be hosting a crypto summit at the White House Friday. Ben Curtis via Associated Press WASHINGTON — Donald Trump is embarking on what could be the biggest giveaway to some of the country’s richest since the nation’s “robber baron” days by having the federal government acquire and hold cryptocurrencies, …

Crypto market swells $500 billion as Trump unveils strategic reserve
Trending News
3 weeks, 3 days ago

Crypto market swells $500 billion as Trump unveils strategic reserve

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The crypto market has surged by more than half a trillion dollars after …

Crypto prices see surge after Trump reveals names of five coins for 'crypto reserve'
3 weeks, 3 days ago

Crypto prices see surge after Trump reveals names of five coins for 'crypto reserve'

Firstpost  

The prices of three crypto coins mentioned in Trump’s first post jumped by 62 per cent on Sunday. Meanwhile, Bitcoin and Ethereum also jumped by more than 10 per cent each The market prices of five cryptocurrencies shot up after US President Donald Trump revealed the names of five coins that he’d like to be included in the new strategic …

Expert flags curious timing of Trump purge as 'crypto scheme' investors lose billions
1 month, 2 weeks ago

Expert flags curious timing of Trump purge as 'crypto scheme' investors lose billions

Raw Story  

President Donald Trump's dismantling of the Consumer Financial Protection Bureau is almost certainly illegal under the separation of powers — but, wrote former Labor Secretary Robert Reich in a lengthy post to Facebook, even beyond that, the timing of the move raises suspicions. "Thousands of investors in Trump’s crypto scheme lost $2 billion in just weeks while the Trump Organization …

Crypto market chaos as Trump triggers half-trillion dollar crash
1 month, 3 weeks ago

Crypto market chaos as Trump triggers half-trillion dollar crash

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The tariffs impacted stock markets throughout Europe, Asia and the US, though certain cryptocurrencies were hit particularly …

'No intrinsic value': CNN reporter breaks down Trump's crypto scheme
2 months ago

'No intrinsic value': CNN reporter breaks down Trump's crypto scheme

Raw Story  

CNN business reporter Matt Egan on Tuesday expressed incredulity that President Donald Trump launched his own cryptocurrency just days before taking office. During an interview with CNN's Kate Bolduan, Egan emphasized the unprecedented nature of Trump's decision to launch his own digital meme coin, which in theory allows foreign governments to put money directly into his pockets. "This was one …

Trump's "memecoin" crypto venture gained billions in value overnight
2 months, 1 week ago

Trump's "memecoin" crypto venture gained billions in value overnight

Salon  

Donald Trump is cashing in in his final hours before assuming the presidency. In a message on X, Trump announced the “meme”-coin brandishing the words “fight, fight, fight,” a reference to the words he said after an assassination attempt last July. The coin’s launch coincided with a black-tie pre-inauguration “Crypto Ball” in D.C., headlined by Trump’s incoming "Crypto Czar" David …

Coinbase, Kraken donate $1M each for Trump-JD Vance inauguration as crypto joins tech to support US President-elect
3 months ago

Coinbase, Kraken donate $1M each for Trump-JD Vance inauguration as crypto joins tech to support US President-elect

Live Mint  

Cryptocurrency firms, including Coinbase and Kraken, are joining forces with major players in corporate America to support President-elect Donald Trump’s inauguration, contributing substantial amounts to the celebratory events, according to FOX Business. Crypto Industry Shows Support for Trump’s Leadership These inaugural donations reflect a growing enthusiasm among crypto leaders for Trump, who has promised a lighter regulatory approach compared to …

How Trump Will Unleash a Tech Hell on America
3 months, 2 weeks ago

How Trump Will Unleash a Tech Hell on America

Slate  

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. & Crypto Czar.” In his statement, Trump wrote that “Sacks will focus on making America the clear global leader” in artificial intelligence and cryptocurrency, which he deemed to be “two areas critical to the future of American competitiveness.” In …

Trump’s Crypto-AI Czar Sacks Is Longtime Critic of Tech Regulation
3 months, 2 weeks ago

Trump’s Crypto-AI Czar Sacks Is Longtime Critic of Tech Regulation

Live Mint  

David Sacks, President-elect Donald Trump’s surprise pick to guide policy on artificial intelligence and cryptocurrency, doesn’t have deep ties to either industry or an extensive track record of investing in them. “Crypto and AI are two of the United States’ most pressing strategic priorities right now, and David Sacks is one of the only people in the world that is …

The Crypto Industry Hails David Sacks, Its New ‘Czar’
55 years, 2 months ago

The Crypto Industry Hails David Sacks, Its New ‘Czar’

Wired  

US president-elect Donald Trump has appointed venture capitalist and former PayPal executive David Sacks as White House AI & Crypto Czar, a newly created role meant to establish the country as the global leader in both fields. On X, Gemini chief legal officer Tyler Meader wrote, “At long last, a rational conversation about crypto can be had.” Others have speculated …

Trump appoints former PayPal exec David Sacks as AI and crypto czar
3 months, 3 weeks ago

Trump appoints former PayPal exec David Sacks as AI and crypto czar

The Hindu  

U.S. President-elect Donald Trump on Thursday said he was appointing former PayPal Chief Operating Officer David Sacks as his "White House A.I. The crypto czar and other officials in Trump's incoming administration such as the chairs of the Securities and Exchange Commission and Commodity Futures Trading Commission are expected to reshape U.S. policy on digital currency along with a newly …

Who is David O. Sacks? Trump's new ‘White House A.I. & Crypto Czar’ has a bitter history with Elon Musk
3 months, 3 weeks ago

Who is David O. Sacks? Trump's new ‘White House A.I. & Crypto Czar’ has a bitter history with Elon Musk

Hindustan Times  

Donald Trump has picked All In podcast co-host and venture capitalist David O. Sacks as the “White House A.I. & Crypto Czar’ “I am pleased to announce that David O. Sacks will be the “White House A.I. He continued, “He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can …

Trump picks pro-Russia venture capitalist David Sacks to be his AI and crypto "czar"
Trending News
3 months, 3 weeks ago

Trump picks pro-Russia venture capitalist David Sacks to be his AI and crypto "czar"

Salon  

Donald Trump is tapping venture capitalist and former Paypal COO David Sacks to join his administration as “White House A.I. Sacks, one of several 2024 campaign donors Trump has embedded across his incoming government, “will focus on making America the clear global leader” in artificial intelligence and cryptocurrency, "two areas critical to the future of American competitiveness," Trump said. A …

Trump picks ex-PayPal executive David Sacks as White House's AI, crypto czar
3 months, 3 weeks ago

Trump picks ex-PayPal executive David Sacks as White House's AI, crypto czar

India Today  

US President-elect Donald Trump on Thursday said he was appointing former PayPal Chief Operating Officer David Sacks as his "White House AI & Crypto Czar," another step towards overhauling US policy. Trump's tech backers generally want to see minimal regulation around artificial intelligence and cryptocurrencies such as bitcoin, saying Washington would throttle growing innovative sectors with excessive rules. Trump - …

Trump gloats as Bitcoin tops $100,000 for the first time in history
3 months, 3 weeks ago

Trump gloats as Bitcoin tops $100,000 for the first time in history

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President-elect Donald Trump is gloating as Bitcoin, the world’s most …

Bitcoin tops $100,000 as big rally sparked by Trump election win rolls on
3 months, 3 weeks ago

Bitcoin tops $100,000 as big rally sparked by Trump election win rolls on

The Hindu  

Bitcoin has topped the $100,000 mark as a massive rally in the world's most popular cryptocurrency sparked by the election of Donald Trump rolls on. Mr. Trump, who was once a crypto sceptic, has pledged to make the U.S. “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. But he's also faced criticism from industry players …

Bitcoin storms above $100,000 as Trump 2.0 fuels crypto euphoria
3 months, 3 weeks ago

Bitcoin storms above $100,000 as Trump 2.0 fuels crypto euphoria

Live Mint  

-Bitcoin catapulted above $100,000 for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly U.S. administration to cement the place of cryptocurrencies in financial markets. "Bitcoin and the entire digital asset ecosystem are on the brink of entering the financial mainstream - this momentum is fuelled …

Donald Trump's crypto push propels Bitcoin to break $100,000 barrier
3 months, 3 weeks ago

Donald Trump's crypto push propels Bitcoin to break $100,000 barrier

Hindustan Times  

Bitcoin rose above $100,000 for the first time on Thursday as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies. After four years of political purgatory, bitcoin and the entire digital asset ecosystem are on the brink of entering the financial mainstream," said Mike …

Bitcoin tops $100,000 on optimism over Trump crypto plans
3 months, 3 weeks ago

Bitcoin tops $100,000 on optimism over Trump crypto plans

The Hindu  

Bitcoin rose above $100,000 for the first time on Thursday as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies. After four years of political purgatory, bitcoin and the entire digital asset ecosystem are on the brink of entering the financial mainstream," said Mike …

Bitcoin tops $100,000 after Trump picks crypto-friendly SEC chair
3 months, 3 weeks ago

Bitcoin tops $100,000 after Trump picks crypto-friendly SEC chair

Al Jazeera  

Cryptocurrency surges to new high after Paul Atkins is nominated to head the Securities and Exchange Commission. Bitcoin has topped $100,000 for the first time, buoyed by United States President-elect Donald Trump’s decision to nominate a cryptocurrency advocate to lead the country’s securities regulator. “There are so many people around the world who did their homework, they thought independently and …

Bitcoin spikes to all-time high following Trump SEC chair nomination
3 months, 3 weeks ago

Bitcoin spikes to all-time high following Trump SEC chair nomination

Salon  

The price of a single Bitcoin surged to over $100,000 just hours after Donald Trump nominated a crypto advocate to chair the U.S. Securities and Exchange Commission. The oldest and most popular cryptocurrency crossed the six-figure threshold for the first time on Wednesday following the president-elect's announcement that he'd tagged Paul Atkins to lead the SEC in his second term. …

Bitcoin hits $80,000. Why Trump is boosting crypto
4 months, 2 weeks ago

Bitcoin hits $80,000. Why Trump is boosting crypto

CNN  

CNN — Bitcoin on Sunday hit a new record above $80,000. Although Trump was once a bitcoin skeptic, once saying it “was based on thin air,” he has fully embraced crypto in recent months — unlike the Biden administration, which has sought to rein in crypto. “It’s very young and very growing,” Trump said of the cryptocurrency industry on September …

Jubilant crypto bros claim they made $100billion in 24 hours as Donald Trump was re-elected US President
4 months, 3 weeks ago

Jubilant crypto bros claim they made $100billion in 24 hours as Donald Trump was re-elected US President

Daily Mail  

Donald Trump's victory may have broken the hearts of millions of Americans this morning but jubilant crypto bros claim they are cashing in on the dismay. Bitcoin investor Dan Held estimates the Cryptocurrency industry made billions amid Donald Trump's re-election into the White House The crypto bro is looking forward to change with Trump back in the oval office, claiming …

Trump win ignites crypto frenzy that sends bitcoin to a record high
4 months, 3 weeks ago

Trump win ignites crypto frenzy that sends bitcoin to a record high

New Indian Express  

He has pledged to make America "the crypto capital of the planet" and create a “strategic reserve” of bitcoin. “Trump has already declared his love of the digital currency and crypto traders now have a new narrative by which to get even more excited about where the price could go,” Mould said. “Because we’ve seen these wild swings in the …

Tesla moves $765 million of bitcoin to mystery wallet
5 months ago

Tesla moves $765 million of bitcoin to mystery wallet

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Data from blockchain analytics platform Arkham Intelligence reveals that around $765 million worth of bitcoin purchased by …

Trump hawks new cryptocurrency venture despite once calling business a ‘scam’ – but details are thin
6 months, 1 week ago

Trump hawks new cryptocurrency venture despite once calling business a ‘scam’ – but details are thin

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. In an interview with crypto news podcast Rug …

Trump launches crypto company amid funding race with Kamala Harris
6 months, 1 week ago

Trump launches crypto company amid funding race with Kamala Harris

The Telegraph  

Donald Trump has endorsed a new cryptocurrency business as the Republican presidential nominee courts the backing of wealthy crypto donors in a funding race with Kamala Harris. Hours after an apparent attempt on his life on Monday, the former president and his sons Donald Jr and Eric revealed World Liberty Financial, a cryptocurrency project which Trump has said would “leave …

Trump’s mystery crypto project causes MAGA token to suddenly surge in price
7 months ago

Trump’s mystery crypto project causes MAGA token to suddenly surge in price

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A fringe cryptocurrency has shot up in value by more than 50 per …

Cryptocurrency, Truth Social and gold bars: A look at Trump’s reported sources of income
7 months, 1 week ago

Cryptocurrency, Truth Social and gold bars: A look at Trump’s reported sources of income

LA Times  

Former President Trump owns more than $1 million worth of cryptocurrency and up to $250,000 in gold bars along with his portfolio of golf courses and real estate properties, according to recent financial disclosures. Trump’s golf courses also make money for him, including $37 million from his club in Bedminster, N.J., where he addressed the media on Thursday; $31 million …

Donald Trump Backs ‘Strategic Bitcoin Stockpile’ in Speech to Crypto Faithful
55 years, 2 months ago

Donald Trump Backs ‘Strategic Bitcoin Stockpile’ in Speech to Crypto Faithful

Wired  

Former president Donald Trump outlined a plan to turbocharge crypto growth and make the US a crypto mining powerhouse in his keynote address to the 2024 Nashville Bitcoin Conference on Saturday. Trump also announced plans to appoint a bitcoin and crypto advisory council, whose task would be to “design transparent regulatory guidance to the benefit of your industry” in the …

Donald Trump reveals first person he would fire as president while pledging to make the US 'crypto capital' of the world - despite once calling Bitcoin a 'scam' that was 'based on thin air'
7 months, 3 weeks ago

Donald Trump reveals first person he would fire as president while pledging to make the US 'crypto capital' of the world - despite once calling Bitcoin a 'scam' that was 'based on thin air'

Daily Mail  

Donald Trump is courting the votes of cryptocurrency investors by promising to make the US a 'Bitcoin superpower' with far less regulation. Donald Trump is courting the votes of cryptocurrency investors by promising to make the US a 'Bitcoin superpower' with far less regulation The Bitcoin price crashed to less than $67,000 as soon as Trump started speaking, but rallied …

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