White House crypto czar has a harsh response to big banks
White House crypto czar has a harsh response to big banks originally appeared on TheStreet.
David Sacks, venture capitalist and U.S. “Crypto and AI Czar,” is calling out major banks and wealth platforms for what he describes as a lingering form of “debanking” against Bitcoin exchange-traded funds (ETFs).
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On Aug. 8, Sacks asked whether current restrictions were “the last vestige of debanking,” referring to the practice of cutting off or limiting access to crypto-related services.
Data from Tephra Digital shows that over $31 trillion in U.S. wealth platform capital remains either restricted or prohibited from investing in…
