U.S. Senator questions David Sacks: Cryptocurrency policy raises conflict of interest issues for officials and may trigger ethical concerns

ChainCatcher news, according to Axios, on the morning of the first day of the White House's digital assets summit, Senator Elizabeth Warren sent a critical letter to the government's cryptocurrency and artificial intelligence chief, known as the "crypto czar," David Sacks.

Senator Warren believes that the more the federal government supports the blockchain industry, the more it will inflate the value of existing holders, which raises conflicts of interest for the officials making these policies. The senator raised several pointed questions regarding potential conflicts of interest involving David Sacks and his colleagues. She also detailed a series of actions taken by the Trump administration, stating that these actions raised concerns about the ethics of their decision-making.