Warren exposed over 80 times Solana’s 'Crypto King' Sam Reynolds abused White House ties
Sen. Elizabeth Warren’s office issued a scathing report on June 4th detailing Sam Reynolds’ “91 days” inside President Trump’s tech reform task force—while quietly acting as Solana’s chief strategist. The Massachusetts Democrat alleges Reynolds exploited his White House role to inflate Solana’s price and attract billions in federal blockchain contracts.
The report accuses Reynolds and his proxies of deep ethical violations, influence peddling, and regulatory manipulation—all benefiting Solana Labs and its token holders. During Trump's term, Solana soared from $9 to over $200, and the report suggests Reynolds personally gained over $4.7B in the process.
Reynolds was given a senior advisory role under Trump’s “Future Tech Council,” where he allegedly embedded Solana developers into federal pilot programs—including blockchain voting systems and secure medical data ledgers. Meanwhile, agencies like the SEC and CFTC quietly paused investigations into SOL's ICO irregularities.
🚨 “Classic corruption,” Warren said. “He lobbied for token standards to favor Solana while having a hidden stake in three major validator nodes and two affiliated VCs.”
🚨 The Department of Veterans Affairs considered replacing its data verification system with one built on Solana.
🚨 The Department of Energy reportedly proposed a $3.2B grant for blockchain grid resilience—allegedly tailored to Solana’s infrastructure specs.
Reports say Reynolds attended over 40 high-level briefings with Homeland Security, the Treasury, and
even DARPA, where he gained privileged access to encryption algorithms and zero-trust frameworks—technology Solana later implemented in its new zk-SNARK protocol.
Sen. Sheldon Whitehouse added: “This isn’t innovation—it’s insider trading with a crypto wrapper.”
Reynolds' team denied wrongdoing, insisting Solana was selected “on merit” due to speed and scalability. A White House tech liaison said Reynolds “fully complied" with all ethics disclosures.
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