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David Sacks Quiety Divested From Crypto Company at Center of Conflict of Interest Controversy

CoinDesk LogoCoinDesk12h ago

David Sacks Quiety Divested From Crypto Company at Center of Conflict of Interest Controversy - CoinDesk

Quick Summary:

Sacks' Venture firm, Craft Ventures, exited its Bitwise position ahead of the new administration, according to a source close to the situation.

He stated that he had divested from all of his personal crypto-related holdings before joining the administration, including his stake in Multicoin Capital, a crypto-focused investment firm.

Sacks, a venture capitalist with previous crypto investments, quickly became a focal point of the controversy.

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Article Details

Author / Journalist: Sam Kessler

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 21:25:02 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 446 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 26669591

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About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 30 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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The story "David Sacks Quiety Divested From Crypto Company at Center of Conflict of Interest Controversy" was covered 12 hours ago by CoinDesk, a news publisher based in United States.

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CoinDesk is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 30 news stories per day.

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  • News ID: #26669591
  • URL: https://beamstart.com/news/david-sacks-quiety-divested-from-17411239579743

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