White House Director for AI and Cryptocurrency David Sacks, in a post on X, criticized US banks for restricting wealth management platforms’ access to Bitcoin ETFs, questioning lingering de-banking practices.
On August 10th, PANews reported that David Sacks, the White House director for AI and cryptocurrency, expressed his dissatisfaction on X with many US banks that still prohibit wealth management platforms from accessing Bitcoin ETFs, questioning if this marks the last vestige of de-banking.