David Sacks, the crypto chief of the Trump administration, is a supporter of Solana and an investor in Multicoin Capital
ChainCatcher news, according to Cointelegraph, the newly appointed crypto head of the Trump administration, David Sacks, is a staunch supporter of Solana and an investor in the crypto investment firm Multicoin Capital.
In October 2021, David Sacks publicly disclosed in episode 50 of the "All-In" podcast that he purchased a large amount of Solana (SOL) at a discounted price. He stated that he did not sell his SOL after the FTX collapse and mentioned that Solana has the potential to replace Ethereum as the preferred blockchain platform.
Previous news reported that Trump appointed David Sacks as the head of the crypto sector. The VC founded by David Sacks has invested in crypto projects such as dYdX and Lightning Labs.
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