5 months ago
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“I sold each my cryptocurrency, including BTC, ETH, and SOL, anterior to the commencement of the administration,” said Trump’s crypto czar.
White House AI and crypto czar David Sacks has confirmed that helium does not clasp immoderate crypto assets, having sold everything anterior to US President Donald Trump’s inauguration.
“I sold each my cryptocurrency (including BTC, ETH, and SOL) anterior to the commencement of the administration,” Sacks said connected X connected March 2.
His comments came successful effect to a Financial Times nonfiction shared by George Hammond connected March 2, reporting that his concern firm, Craft Ventures, retains stakes successful a “small fig of crypto startups.”
“Both helium [Sacks] and the steadfast sold their nonstop cryptocurrency holdings soon aft Trump’s inauguration, according to a idiosyncratic with cognition of the matter,” reported the FT.
The San Francisco-based task superior steadfast was founded by Sacks successful 2017 and has launched 4 funds since then. Its past 1 was closed successful November aft raising $712 million.
According to the authoritative website, Craft Ventures has investments successful Bitwise Asset Management, crypto custodian BitGo and societal media giants Meta, Reddit and X. Sacks besides invested successful Solana-focused task steadfast Multicoin Capital successful 2018.
Source: David Sacks
In an earlier post, Sacks said that President Trump “is keeping his committedness to marque the US the Crypto Capital of the World,” pursuing his announcement of a strategical crypto reserve connected March 2.
President Trump volition big the archetypal White House Crypto Summit connected March 7, bringing unneurotic manufacture leaders and executives to sermon regulations, stablecoins and the projected US crypto reserve.
Related: Crypto czar David Sacks likens Trump’s memecoin to a ‘baseball card’
Meanwhile, President Trump’s son, Eric Trump, said helium loved “the genius” of announcing a strategical reserve connected a Sunday, erstwhile accepted markets are closed and Wall Street sleeps.
“For the archetypal time, retail investors win,” helium exclaimed arsenic crypto markets soared 12% successful absorption to the announcement. “Traditional concern amended drawback up, oregon it volition rapidly go extinct,” helium added.
Anthony Pompliano, the laminitis and CEO of Professional Capital Management, shared the sentiment, saying it was “objectively hilarious” that Trump announced a crypto strategical reserve, yet Wall Street can’t enactment “because they person antiquated hours of operations.”
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