Main to remember
- David Sacks sold his entire Bitcoin, Ether and Solana portfolio before joining the Trump administration.
- The White House aims to position the United States as a world leader in cryptography thanks to its inaugural crypto summit chaired by bags.
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David Sacks, the AI of the White House and the Czar Crypto, confirmed today that it had sold its entire portfolio of digital assets, notably Bitcoin, Ether and Solana, before joining the Trump administration.
“I sold all my cryptocurrencies (including BTC, ETH and Sol) before the start of the administration,” said Sacks in response to the Tweet of FT George Hammond, who reported that the Cryptographic Czar of Trump had sold his personal cryptography farms.
While the venture capital company of Sacks, Craft Ventures, maintains investments in cryptographic startups, it and the firm have stripped their assets in direct crypto after the inauguration of Trump.
Sacks is expected to chair the first summit of white house cryptography next Friday, which will unite the leaders of the cryptographic industry with the president’s working group on digital assets. The summit is part of the administration’s initiative to position the United States as a world leader in cryptography and develop clear regulatory directives for industry.
A longtime crypto investor
Long -time Bitcoin investor, Sacks considers cryptographic assets as an evolution of Paypal’s original vision to create a “silver database”. His venture capital company has invested in the institutional guard through Bitgo and hedge funds focused on the Capital Multicoin Capital Capital.
“What Bitcoin offers is another type of money where it is not supported by a government; It is supported by mathematics; It is supported by encryption. You don’t have to trust the government. There will only be 21 million BTC. Just trust Bitcoin will not actually be Be cracked, “said Sacks in an interview with Anthony Poseliano.
Sacks is known to be Solara Haussière, having invested there via Multicoin. It maintained its soil position despite the market turbulence and reported substantial yields of this investment. In a podcast, he mentioned that this investment had generated yields of around 1 billion dollars.
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