David Sacks, the White House AI and Crypto Czar, has divested from Multicoin Capital, a crypto-focused venture capital firm that backs Solana. This move comes amid scrutiny over President Trump's plan to include various cryptocurrencies in a national crypto stockpile, which caused price increases for those digital assets. Sacks responded to criticism by political commentator Krystal Ball by disclosing that he sold his stake in Multicoin Capital and his investment in Solana has reportedly generated returns of approximately $1 billion. Sacks will chair the first White House Crypto Summit to strengthen the US position in global crypto markets and develop regulatory frameworks.



Other News from Today