David Sacks defends itself against media criticism: 'Not a dumping, but important real estate sales in the crypto market'

<p> <strong> David Sacks defends itself against media criticism: 'Not a dumping, but important real estate sales in the crypto market' </strong> </p>

David Sacks: Media criticism and controversy in the crypto market

David Sacks, which is considered a "crypto-czar" during the Trump administration, has sharply criticized the reporting of the media about the cryptom market. These statements were made in the context of the sale of over 200 million USD in digital assets, which was often referred to in the media as "dumping".

On the classification: Sacks and his company, Craft Ventures, had liquidated her entire crypto portfolio shortly before President Trump's taking office. In a white house memo, it is pointed out that it is crucial that Sack's has taken significant steps to minimize potential conflicts of interest. This happened through the sale of hundreds of million USD in digital assets. The assets sold included Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) as well as shares in crypto-related funds such as the Bitwise 10 crypto index find and stocks of Coinbase and Robinhood.

sacks reacted to media reporting on its sale on the platform X (formerly Twitter). He made it clear: "I didn't 'dump my cryptocurrency'; I sold it." In doing so, he rejected the representation as inaccurate and intentionally misleading. Sacks argued that this view aims to damage the credibility of the crypto market and that his actions were dictated by the government's ethics rules in order to avoid any appearance of conflicts of interest.

sacks' statement received support from several leaders in the industry. Changpeng Zhao (CZ), former CEO of Binance, commented on X and emphasized: "You sell clicks, not ethics." David Nage, portfolio manager at Arca, also defended Sacks' actions and criticized the media reporting that propagates the "dumping" spin. He pointed out that this view does not confront the "trust, check" ethos of crypto with old systems that are based on blind trust.

Analyst Colin advocated rejecting government financing for media organizations. David Hoffman, co -owner of Bankless, found that the media often reflect the general views and prejudices of society, especially with regard to cryptocurrencies. Many people who are not involved in crypto could want a lack of success of these technologies, since the acceptance of their potential for wealth formation would bring them into a conflict with their own beliefs.

This debate takes place against the background of growing opposition to the idea of Trump's digital asset supply and a strategic bitcoin reserve. A survey has shown that a majority of voters have concerns about the participation of the US government in crypto and blockchain developments and believes that the government should reduce its investments in these technologies.

Overall, this case illustrates the ongoing tensions between media reporting on cryptocurrencies and opinions as well as the actions of industry actors. The argument about sacks shows how complex and complex the crypto market is, especially in the context of politics and public perception.