White House AI and Crypto Chief David Sacks is unhappy that many US banks still prohibit wealth management platforms from accessing Bitcoin ETFs

According to Odaily Planet Daily, David Sacks, the White House director of artificial intelligence and cryptocurrency, posted on the X platform that he was dissatisfied with the fact that many US banks still prohibit wealth management platforms from accessing Bitcoin ETFs. He asked: "Why do the top US banks still prohibit or restrict access to Bitcoin ETFs on their wealth management platforms? Is this the last vestige of 'de-banking'?"

According to data forwarded by David Sacks, many leading US banks, including Bank of America, Morgan Stanley, JPMorgan Chase, Citigroup, Goldman Sachs, and UBS Americas, have more or less banned and restricted their wealth management platforms from accessing Bitcoin ETFs, and the asset management scale of these wealth management platforms is as high as 31 trillion US dollars.