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US Crypto Chief David Sacks Talks About His Investments! Which Altcoins Does He Hold?
US President Donald Trump made the long-awaited cryptocurrency move. Trump announced that Bitcoin (BTC), Ethereum (ETH) XRP, Cardano (ADA), and Solana (SOL) will be included in the US Strategic Reserve.
Trump's statement brought a rise to the entire cryptocurrency market, especially Bitcoin and related altcoins.
As the market turns green again after a long period, David Sacks, the artificial intelligence and cryptocurrency advisor to the White House, revealed that Donald Trump sold all his cryptocurrencies before taking office and does not own any cryptocurrencies.
Sacks confirmed selling all cryptocurrency investments including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) before taking office.
"That's right. I sold all my cryptocurrencies dahil( )BTC, ETH, and SOL before I started." ***
David Sacks' statement came after concerns arose about potential conflicts of interest regarding his ties to the company Bitwise, which offers crypto-focused ETFs.
As the founder, he has shares in many crypto ETFs, including Bitwise, through his company Craft Ventures.
In addition, Bitwise's application for ETFs for assets such as Bitcoin, Ethereum, XRP, Solana and Cardano and Trump's recent announcement of his plan to include XRP, SOL and ADA in the reserves strengthened the suspicions of conflict of interest.
However, Sacks' announcement that he sold his BTC, ETH, and SOL assets before taking office was interpreted as a move to mitigate these allegations and provide more transparency.