Crypto Czar David Sacks Slams Federal Government’s Prior Bitcoin Management

Description

Newly appointed ‘crypto czar’ David Sacks took to X Thursday to air his grievances over the U.S. government’s alleged handling of its previous Bitcoin holdings just one day before the White House Crypto Summit. Key Takeaways: Newly appointed crypto czar David Sacks criticized the U.S. government’s past decision to sell 195,000 Bitcoin for $366 million, arguing that holding onto it could have yielded over $17 billion. The U.S. government appears to be adjusting its stance on digital asset regulat...