• Donald Trump has created a new position at the White House to oversee the administration's policy in the field of artificial intelligence and cryptocurrencies. He believes that these areas are "crucial" for the future competitiveness of the United States.
David Sachs has been appointed as the head — the head of the venture company Craft Ventures, who played a key role in fundraising for Trump's campaign, according to Bloomberg.
◽️Sachs is a member of the so-called "PayPal Mafia" — he served as Chief Operating Officer of the company in the 2000s.
◽️Craft has invested in Multicoin — the main sponsor of Solana. Sachs continued to hold SOL even after the FTX crash and believed that ultimately the asset could outperform Ethereum. In October 2022, he reported a position equivalent to $1 billion in the coin.
◽️Craft Ventures' portfolio also includes investments in dYdX, BitGo, Bitwise, and Lightning Labs.
◽️Sachs believes in 0x Protocol and is an advisor to the project (after the appointment, ZRX quotes rose by 25%). He also believes that Bitcoin is a tool to fight against the traditional financial system and centralization, and that DeFi can make it more transparent.
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