White House Ai and Crypto Czar David Sacks have confirmed that he does not hold any crypto ownership, selling everything before the inauguration of President Donald Trump.
“I sold all my cryptocurrency (including BTC, ETH, and Sol) before the administration’s start,” sack Says to X on March 2.
His comments came in response to an article on the Financial Times shared by George Hammond on March 2, Reporting That his firm firm, craft ventures, keeps stakes in a “small number of crypto startups.”
“Both he (sack) and the firm sell their directly handling of cryptocurrency as soon as possible after Trump’s inauguration, according to someone with knowledge of this matter,” FT reported.
San Francisco -based venture capital firm has been established by the Sacks in 2017 and has launched four funds since. The last one was closed in November after raising $ 712 million.
According to the official website, craft ventures are investing in bitwise asset management, crypto custodian bitgo and social media giants meta, reddit and X. Sacks also Invested to the firm dedicated to Solana Multicoin Capital in 2018.
Source: David Sacks
In an earlier post, Sacks said President Trump was “maintaining his promise to make the US Crypto capital of the world,” following his announcement of a strategic crypto reserve on March 2.
President Trump the Mago -Host at first White House Crypto Summit On March 7, the leaders of the industry and executive combined to discuss the regulations, stablecoins and the suggested US crypto reserve.
Related: Crypto Czar David Sacks compares Trump’s memecoin to a ‘baseball card’
Meanwhile, President Trump’s son Eric Trump, Says He liked the “genius” of announcing a strategic reserve a week, when traditional markets were closed and Wall Street was sleeping.
“For the first time, retail investors won,” he exclaimed as crypto markets rose 12% in reaction to the announcement. “Traditional finances are better to meet, or to lose it quickly,” he added.
Anthony Pompliano, the founder and CEO of Professional Capital Management, shared The emotion, which says “objectively happy -noisy” that Trump announced a crypto strategic reserve, but Wall Street could not participate “because they had antique hours of operation.”
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