Secretly, White House Officials Have Millions Of Dollars Of Crypto Money

One of the officials in the White House owns millions of Bitcoins and Filecoins (Bitcoinist)

JAKARTA – Technology expert and member of the antitrust law drafter at the White House, Tim Wu is reported to have millions of pieces of crypto money. This is quite surprising considering that the United States (US) government is preparing a financial regulator for cryptocurrencies.

Reporting from Bitcoin News, according to a report compiled by the Politico page, Wu's personal wealth is estimated to be in the millions of dollars. He is also rumored to have Bitcoin worth 1 million US dollars (equivalent to Rp. 14.2 billion) to 5 million US dollars (about Rp. 71.2 billion).

Not only Bitcoin, Wu is also rumored to have other cryptocurrencies, namely Filecoin worth US$100,001 (around Rp. 1.4 billion) to US$250,000 (equivalent to Rp. 3.5 billion) in FIL, a repository or wallet on the official platform. Filecoins.

Previously, Tim Wu was appointed by president Biden in March. He was assigned to serve as a special assistant on technology and competition policy at the National Economic Council.

When his term ended, Wu decided to teach at Columbia Law School. In addition, he has also worked on the Federal Trade Commission and the National Economic Council during the administration of former president Barack Obama.

Wu is known as a critic of the power of "Big Tech" companies that include Google, Amazon, Facebook and Apple. He has also written a number of academic papers related to information, communication and the internet in several of his books.

According to a Politico report, Wu reportedly resigned from “certain matters involving Bitcoin or cryptocurrencies” in general for his financial interests. This information was reported by an unnamed official.