The “Crypto Czar” David Sacks of the White House says he has sold all his crypto, including Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), before the start of the presidency of Donald Trump.
Sacks says that he also had a position of $ 74,000 in a Bitwise Beursbonde Fund, which he sold on January 22, two days after Trump’s inauguration.
Sacks previously served as Chief Operating Officer of PayPal (COO) and is a controversial venture capitalist who has invested in Airbnb, Palantir, Postmates, Reddit, Slack, SpaceX, Twitter, Uber, Uber and other Big-Note technology companies.
He is also sunken capital in Crypto projects, including participation in a $ 10 million series for the Decentralized Exchange (DEX) Dydx (DYDX) in 2018 via his Craft Ventures of the Groeifonds.
The Financial Times, with reference to ‘a person with knowledge of the case’, reports that Craft Ventures still owns interests in ‘a small number of’ crypto startups, although the company has also sold its direct crypto companies.
Trump confirmed during the weekend that the US will set up a ‘crypto -strategic reserve’, and notes that it is ready to record Bitcoin, Ethereum, XRP, Solana and Cardano (ADA).
Trump formed the reserve as a reaction to what he called ‘corrupt attacks’ by the Crypto industry by the Biden administration, and emphasized his goal to make the US the ‘Crypto capital of the world’.
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