David Sacks, the AI and Crypto Czar, faced criticism after selling over 200 million USD in digital assets. He emphasized that the sale was a mandated divestment due to government ethics rules, not a ‘dump’ as reported. Industry figures like CZ voiced their support against the negative media portrayal.
Sacks’ defense was echoed by prominent figures in the crypto space. Support from CZ and others highlighted a conflict between media narratives and the crypto ethos, emphasizing the need for accurate representation of the industry and its actions.
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