David Sacks sells all cryptocurrency holdings before Trump's inauguration, Craft Ventures retains stakes

From Cointelegraph

March 03, 2025 12:45 AM:

David Sacks, White House AI and crypto czar, confirms selling all his cryptocurrency before Trump’s inauguration, including BTC, ETH, and SOL. His firm, Craft Ventures, retains stakes in a few crypto startups. Craft Ventures has raised $712 million in funds since 2017 and invested in Bitwise, BitGo, Meta, Reddit, and X.

President Trump announces a White House Crypto Summit on March 7 to discuss regulations, stablecoins, and a US crypto reserve. Eric Trump praises the strategic reserve announcement for benefiting retail investors and causing a 12% surge in crypto markets. Pompliano finds it “objectively hilarious” that Wall Street can’t participate due to outdated hours of operation.

Read more at Cointelegraph

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