Axios: The top five assets of Bitwise 10 index funds are the same as the five cryptocurrencies in strategic reserves

PANews March 7th news, according to Axios, U.S. Senator Elizabeth Warren wrote a letter to David Sacks, director of encryption and artificial intelligence affairs in the Trump administration, asking him to disclose information about potential conflicts of interest and disclose the transparency of the policy-making process.

Warren questioned that policy makers could profit from it as the government deeply supports the blockchain industry. She specifically pointed out that Saxophone was a partner of Craft Ventures, which invested in Bitwise, and the top five assets of the Bitwise 10 index fund (BTC, ETH, SOL, XRP, ADA) are the assets that the Trump administration plans to include in its strategic reserves.

After Trump announced his strategic Bitcoin reserves, the market briefly rose by $300 billion, and then fell sharply due to the government's statement of not purchasing additional assets. Warren asked Sachs to disclose its financial report to prove that it has withdrawn from the relevant investments and to disclose whether policy makers had transactions before the announcement.

It is worth noting that Bitwise CEO confirmed yesterday that David Sacks, the head of AI and cryptocurrency at the White House, has sold the company's equity . David Sacks also said : Multicoin positions have been sold and all crypto assets have been cleared .