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His comments came in response to a Financial Times article shared by George Hammond on March 2, reporting that Sacks’ investment firm, Craft Ventures, retains stakes in a “small number of crypto startups.”
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“I sold all my cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration,” Sacks said on X on March 2.
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White House AI and crypto czar David Sacks confirmed that he does not hold any crypto assets, having sold everything prior to US President Donald Trump’s inauguration.
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Uphold’s decision to relaunch the US staking has also been partly contributed by the SEC dropping lawsuits against Coinbase, McLoughlin mentioned.
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“Great to see people who actually understand the technology — such as Hester Peirce leading the SEC crypto task force and Paul Atkins as the presumptive incoming Chair of the SEC — now in positions where they can influence the sentiment and direction of crypto rulemaking,” McLoughlin said, adding:
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Decentralized storage solutions already provide alternatives to centralized cloud services, ensuring data sovereignty. Users can access their data without fear of censorship or loss, as the information is distributed across a decentralized network.
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Analysts said that the hack exposes security flaws present in centralized exchanges, while crypto security experts say that the hack shows the use of “increasingly creative exploits” in the crypto industry.
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According to CoinMarketCap, Bybit is active in 1,174 markets, with over 60 million users worldwide.
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“On Feb 22 the attacker received $1.08M from the Bybit hack to 0x363908df2b0890e7e5c1e403935133094287d7d1 who bridged USDC to Solana,” ZachXBT wrote in in a Feb. 23 Telegram post.
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