Trump Appoints Strong Solana Supporter as U.S. Crypto Chief

In a move that could shape the future of Solana and cryptocurrencies in the United States, Donald Trump has appointed David Sacks, a leading supporter of Solana, as the new “A.I. and Crypto Czar.”

Sacks’ appointment highlights his growing influence in the crypto world and his bullish outlook on the future of blockchains, especially Solana, which he believes has the potential to challenge Ethereum’s dominance.

Sacks, a former PayPal executive and a key investor in Multicoin Capital, a firm focused on Solana and other blockchain projects, has been an ardent supporter of the platform for years.

In 2021, he publicly revealed that he had purchased Solana at a discounted price, holding the cryptocurrency as a long-term investment.

Even when Solana’s price took a significant dip due to the collapse of the FTX exchange, which had close ties to the project, Sacks did not abandon his bet. On the contrary, he remained confident, considering Solana one of the best blockchain options on the market

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