The AI of the White House and the Tsar Crypto David Sacks have confirmed that it has no cryptographic assets, having sold everything before the inauguration of the American president Donald Trump.
“I sold all my cryptocurrencies (including BTC, ETH and Sol) before the start of the administration,” said Sacks on March 2.
His comments came in response to an article in the Financial Times shared by George Hammond on March 2, reporting that the Sacks investment company, Craft Ventures, retains issues in a “small number of cryptographic startups”.
“He [Sacks] And the company sold its participations in direct cryptocurrency shortly after the inauguration of Trump, according to a person who knew the question, “reported the FT.
The venture capital company based in San Francisco was founded by Sacks in 2017 and launched four funds since then. His last one was closed in November after collecting $ 712 million.
According to the official website, Craft Ventures has investments in the management of Bitwise assets, the cryptographic goalkeeper Bitgo and the giants of the social media Meta, Reddit and X. Sacks also invested in the venture capital company focused on Solana Multicoin Capital in 2018.
Source: David Sacks
In a previous article, Sacks declared that Trump “is holding his promise to make in the United States the world capital of cryptography”, following his announcement of a strategic crypto reserve on March 2.
Trump will host the first summit of White House cryptography on March 7, bringing together industry leaders and managers to discuss regulations, stablecoins and the proposed American cryptography reserve.
In relation: The crypto-tsar David Sacks compares Trump’s same to a `baseball card ”
Meanwhile, President Trump’s son Eric Trump said that he liked “genius” to announce a strategic reserve on Sunday when traditional markets are closed and Wall Street Dort.
“For the first time, retail investors win,” he exclaimed while cryptographic markets have climbed 12% in reaction to the announcement. “Traditional finance would better catch up, or it will quickly become extinct,” he added.
Anthony Poseliano, the founder and CEO of Professional Capital Management, shared the feeling, affirming that it was “objectively hilarious” that Trump announced a cryptographic strategic reserve, but Wall Street cannot participate “because they have hours of craft operations”.
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