Trump Administration’s Crypto Chief David Sacks is a Solana Supporter and Multicoin Capital Investor

Odaily Odaily reported that David Sacks, the head of encryption appointed by Trump, is a staunch supporter of Solana and an investor in the encryption investment company Multicoin Capital. In October 2021, David Sacks publicly disclosed in the 50th episode of the "All-In" podcast that he bought a large amount of Solana (SOL) at a discount. He also stated that he did not sell SOL after the collapse of FTX. He also mentioned that Solana has the potential to replace Ethereum and become the preferred blockchain platform. Earlier news, Trump appointed David Sacks as the head of the encryption field. The VC founded by David Sacks has invested in encryption projects such as dYdX and Lightning Labs. (Cointelegraph)