Senator Elizabeth Warren is leading a congressional inquiry into whether David Sacks, former White House cryptocurrency advisor during the Trump administration, violated federal ethics regulations. Lawmakers dispatched a formal letter to Sacks on Wednesday, demanding detailed documentation regarding his tenure in the temporary advisory role. The investigation centers on whether Sacks exceeded the legally permitted duration for his temporary appointment, potentially operating without proper authorization.
The probe reflects heightened scrutiny over the intersection of regulatory oversight and digital asset policy within government appointments. Sacks, who was appointed to coordinate cryptocurrency policy initiatives, now faces congressional demands for transparency regarding his compliance with ethics guidelines and statutory limits on temporary positions. The inquiry underscores ongoing concerns about accountability and adherence to procedural norms in executive branch appointments involving financial technology sectors.
Warren’s office emphasized the necessity of upholding strict ethical standards for officials influencing cryptocurrency regulation. This development occurs amid broader legislative efforts to establish clearer frameworks for digital assets, highlighting the critical role of compliance in maintaining public trust in governmental financial oversight.
