Trump Announces White House Cryptocurrency Officer! Which Altcoin Projects Has He Invested In?

Donald Trump, who won the presidential election in November, continues to bring Bitcoin (BTC) and cryptocurrency supporters to critical points.

At this point, Trump announced that he had chosen Paul Atkins as the SEC chairman a few days ago, and now he announced the person he chose as the White House cryptocurrency chief with a post on TruthSocial.

Accordingly, Donald Trump has chosen David Sacks as the White House crypto chief. Famous businessman and former PayPal Operations Director David Sacks, who has come to the fore with his cryptocurrency investments, will help create a legal framework for the cryptocurrency sector. Sacks will also be responsible for developments in artificial intelligence, such as crypto.

“David will guide the Administration’s policies on Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas. Sacks will work on a legal framework so the crypto industry can get the clarity it demands and thrive in the United States,” Trump said.

Sacks responded to Trump's post on social media, saying: “Thank you for the President's confidence. I am deeply honored and look forward to promoting the competitiveness of the United States in key technologies. Under your leadership, the future is bright!”

It has been revealed that the US White House cryptocurrency manager has invested in multiple crypto projects, including VC firm dYdX.

Sacks' venture capital (VC) firm Craft Ventures has reportedly invested in crypto projects including dYdX, Lightning Labs, River Financial, Kresus, Set Protocol, FOLD, Harbor, Handshake, Voltage, Galoy, Lumina, and Rare Bits.

*This is not investment advice.