{"id":103965,"date":"2025-02-08T14:55:00","date_gmt":"2025-02-08T14:55:00","guid":{"rendered":"https:\/\/ushopwell.com\/ublog\/crypto-tsar-david-sacks-confirms-he-doesnt-hold-any-crypto\/"},"modified":"2025-02-08T14:55:00","modified_gmt":"2025-02-08T14:55:00","slug":"crypto-tsar-david-sacks-confirms-he-doesnt-hold-any-crypto","status":"publish","type":"post","link":"https:\/\/ushopwell.com\/ublog\/crypto-tsar-david-sacks-confirms-he-doesnt-hold-any-crypto\/","title":{"rendered":"Crypto tsar David Sacks confirms he doesn\u2019t hold any crypto"},"content":{"rendered":"<div class=\"youtubomatic-video-container\"><iframe loading=\"lazy\" width=\"580\" height=\"380\" src=\"https:\/\/www.youtube.com\/embed\/iLD6XF6fOcM?autoplay=1&#038;controls=1&#038;hl=en\" frameborder=\"0\" allowfullscreen><\/iframe><\/div>\n<p>Mar 3, 202509: 45 GMT+4<\/p>\n<p>White House AI and crypto czar David Sacks confirmed that he does not hold any crypto assets, having sold everything prior to US President Donald Trump\u2019s inauguration.<\/p>\n<p>\u201cI sold all my cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration,\u201d Sacks said on X on March 2.<\/p>\n<p>His comments came in response to a Financial Times article shared by George Hammond on March 2, reporting that Sacks\u2019 investment firm, Craft Ventures, retains stakes in a \u201csmall number of crypto startups.\u201d <\/p>\n<p>\u201cBoth he [Sacks] and the firm sold their direct cryptocurrency holdings soon after Trump\u2019s inauguration, according to a person with knowledge of the matter,\u201d reported the FT. <\/p>\n<p>The San Francisco-based venture capital firm was founded by Sacks in 2017 and has launched four funds since then. Its last one was closed in November after raising $712 million.<\/p>\n<p>According to the official website, Craft Ventures has investments in Bitwise Asset Management, crypto custodian BitGo and social media giants Meta, Reddit and X. Sacks also invested in Solana-focused venture firm Multicoin Capital in 2018.<br \/>\nVenture Capital, Donald Trump<\/p>\n<p>In an earlier post, Sacks said that Trump \u201cis keeping his promise to make the US the crypto capital of the world,\u201d following his announcement of a strategic crypto reserve on March 2. <\/p>\n<p>Trump will host the first White House Crypto Summit on March 7, bringing together industry leaders and executives to discuss regulations, stablecoins and the proposed US crypto reserve.<\/p>\n<p>Meanwhile, President Trump\u2019s son, Eric Trump, said he loved \u201cthe genius\u201d of announcing a strategic reserve on a Sunday, when traditional markets are closed and Wall Street sleeps.<\/p>\n<p>\u201cFor the first time, retail investors win,\u201d he exclaimed as crypto markets soared 12% in reaction to the announcement. \u201cTraditional finance better catch up, or it will quickly become extinct,\u201d he added. <\/p>\n<p>Anthony Pompliano, the founder and CEO of Professional Capital Management, shared the sentiment, saying it was \u201cobjectively hilarious\u201d that Trump announced a crypto strategic reserve, yet Wall Street can\u2019t participate \u201cbecause they have antiquated hours of operations.\u201d<\/p>\n<p>Buy this token on Web 3 for $50 and you can go up to $1,000,000<br \/>\nBuy contract SOL EYoQtrYaGbfCoNeSRAjfknoeBQxRxWPYVopBEg6ATnoL<br \/>\nSol contract.Copy and search in Web 3 this contract and buy 100$  EYoQtrYaGbfCoNeSRAjfknoeBQxRxWPYVopBEg6ATnoL<\/p>\n<p>#shorts #stockmarket  #short #shortvideo #shortsvideo #bitcoin #crypto #coin #cryptonews #trading #day #daytrading #usa #america #japan #investment #altcoins #altcoin #memecoin #investor #france #germany #spain #cryptocurrency #money #trump #elonmusk #money #chartanalysis #chartpatterns<br \/>\n#nvda #soun #serv #aapl #tsla<br \/>\n00: 00 Introduction<br \/>\n00: 10 david sacks<br \/>\n00: 21 david sacks press conference<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mar 3, 202509: 45 GMT+4 White House AI and crypto czar David Sacks confirmed that he does not hold any crypto assets, having sold everything prior to US President Donald Trump\u2019s inauguration. \u201cI sold all my cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration,\u201d Sacks said on X on March 2. His comments came in response to a Financial Times article shared by George Hammond&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","tve_updated_post":"","tve_custom_css":"","tve_user_custom_css":"","tve_globals":{},"tcb2_ready":0,"tcb_editor_enabled":0,"tve_landing_page":"","_tve_header":"","_tve_footer":""},"categories":[1],"tags":[],"class_list":["post-103965","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crypto tsar David Sacks confirms he doesn\u2019t hold any crypto - UshopWell.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ushopwell.com\/ublog\/crypto-tsar-david-sacks-confirms-he-doesnt-hold-any-crypto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto tsar David Sacks confirms he doesn\u2019t hold any crypto - UshopWell.com\" \/>\n<meta property=\"og:description\" content=\"Mar 3, 202509: 45 GMT+4 White House AI and crypto czar David Sacks confirmed that he does not hold any crypto assets, having sold everything prior to US President Donald Trump\u2019s inauguration. \u201cI sold all my cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration,\u201d Sacks said on X on March 2. 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