Elizabeth Warren Targets Trump’s Crypto Czar Over Ripple’s XRP Reserve Inclusion

mstone619
Mar 30
2 min read

In a stunning political twist, Senator Elizabeth Warren is demanding answers from David Sacks, President Trump’s newly appointed “Crypto Czar,” over his role in shaping U.S. crypto policy—and more specifically, the suspiciously timed promotion of a government-backed Crypto Strategic Reserve featuring Ripple’s XRP.

Warren’s letter, delivered ahead of the White House’s upcoming cryptocurrency summit, raises red flags about potential conflicts of interest, market manipulation, and self-dealing at the highest levels of the new administration.

🚨 The Core Allegations

Warren’s concerns center around Sacks’ and the Trump Administration’s recent crypto actions:

XRP and other tokens selectively promoted: On March 2, President Trump announced the creation of a Crypto Strategic Reserve that would hold specific assets—XRP, SOL (Solana), and ADA (Cardano)—followed by BTC and ETH hours later.
Price impact followed by dump: The announcement caused a brief surge in crypto markets, leading Warren to question whether insiders profited off the volatility.
Ties to Bitwise: Sacks was indirectly invested in all five tokens through Craft Ventures’ prior stake in Bitwise, a top crypto index fund. Bitwise’s top holdings? XRP, BTC, ETH, SOL, and ADA.
Timing in question: Although Sacks publicly claimed he divested from crypto before joining the administration, Warren demands documented proof—raising the possibility that people close to him may have sold into the hype.
Melania & Trump’s meme coins: She also noted that Trump and the First Lady recently launched their own tokens, $TRUMP and $MELANIA, and that recent SEC policy changes seem suspiciously favorable to meme coins.

🔍 Regulatory Pullback

Warren also points to a broader rollback of crypto enforcement:

SEC dismisses Coinbase lawsuit: Just days before the summit, the SEC abruptly dropped its case against Coinbase, which had alleged unregistered securities activity.
SEC pauses case against Justin Sun: The controversial founder of TRON and investor in Trump-affiliated crypto projects was given a reprieve.
Meme coins declared “not securities”: A new SEC statement claimed most meme coins fall outside securities laws, despite their high risk and history of scams.

💼 Warren’s Demands

Senator Warren is calling for full transparency. Among her requests:

All financial disclosures and divestment timelines from Sacks.
A list of individuals who had early knowledge of the March 2 XRP reserve announcement.
Clarity on how the specific tokens (XRP, ADA, SOL, BTC, ETH) were selected.
Details on potential ethics waivers, recusals, or legal conflicts related to Sacks’ government role.

🧠 What It Means for XRP

For XRP, this is a high-stakes moment.

While inclusion in a U.S. crypto reserve might seem bullish, the political heat could bring unwanted scrutiny. Warren’s letter may trigger further investigations, especially if it's revealed that insiders profited from government actions.

Yet, if XRP weathers this storm and remains part of the national crypto conversation, it could solidify its position as a core digital asset in U.S. strategy—potentially unlocking new use cases and legitimacy.

🎯 Final Thoughts

This isn’t just a battle over crypto policy—it’s a power struggle over who controls the future of digital finance in America.

With XRP at the center of it all, investors and industry watchers should prepare for more twists ahead. Whether this ends in greater adoption or deeper controversy remains to be seen.

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