BlockBeats reported on December 6 that, according to Cointelegraph, the newly appointed cryptocurrency head of the Trump administration, David Sacks, is a strong supporter of Solana and also an investor in the cryptocurrency 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 SOL after the FTX collapse and mentioned that Solana has the potential to replace Ethereum as the preferred blockchain platform.
Previous reports indicate that Trump appointed David Sacks as the head of the cryptocurrency sector. The VC founded by David Sacks has invested in cryptocurrency projects such as dYdX and Lightning Labs.
