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The encryption head of the Trump administration, David Sacks, is a supporter of Solana and an investor in Multicoin Capital.
BlockBeats news, on December 6th, according to Cointelegraph, David Sacks, the newly appointed head of encryption by the Trump administration, is a staunch supporter of Solana and an investor in Multicoin Capital, an encryption investment company. In October 2021, David Sacks publicly disclosed in the 50th episode of the ‘All-In’ podcast that he purchased a large amount of Solana (SOL) at a discount and stated that he did not dump SOL after the FTX crash. He also mentioned that Solana has the potential to replace Ethereum and become the preferred blockchain platform. Formerly, David Sacks was appointed by Trump as the head of encryption. The VC founded by David Sacks has invested in encryption projects such as dYdX and Lightning Labs.