White House crypto advisor David Sacks refuted media headlines about dumping his crypto assets, explaining that the sale was a necessary divestment due to ethical rules.
What David Sacks Said
David Sacks stated that he did not dump his crypto assets as reported by the media. He clarified that he was required to divest them due to ethical rules following his appointment as an advisor.
Crypto Community Reaction
Many in the crypto community backed Sacks, expressing that the media often misrepresents the industry. Bankless HQ co-founder David Hoffman noted that most people are crypto-less and have negative views, which media headlines reflect.
Changpeng Zhao's Comment
Binance founder Changpeng Zhao also agreed with Sacks, stating that media prefers clicks over ethics. He indicated that the article was targeted against the president and crypto, as part of the industry's ongoing conflict.
The continued criticism from crypto industry figures highlights the complex relationship between the media and the crypto community. Despite this, crypto regulation in the US continues to improve, fostering hope for the industry's future.
