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In a significant development within the cryptocurrency landscape, David Sacks has been appointed as the cryptocurrency czar under the Trump administration, as reported by COINOTAG News on December 6th. Sacks is recognized for his robust support of Solana (SOL) and his investments through his firm, Multicoin Capital. During the milestone 50th episode of the “All-In” podcast in October 2021, he revealed that he had acquired a substantial amount of Solana at a preferential price point. Notably, Sacks chose to retain his SOL assets even after the tumultuous FTX crash, indicating a strong belief in the long-term viability of the asset. He asserts that Solana possesses the capability to surpass Ethereum as the leading blockchain platform. Furthermore, his venture capital firm has previously backed prominent projects in the sector, such as dYdX and Lightning Labs, further solidifying his influence in the crypto space.
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