PANews reported on December 6 that according to Cointelegraph, David Sacks, the crypto chief appointed by Trump, is a staunch supporter of Solana and an investor in crypto investment company Multicoin Capital. In October 2021, David Sacks publicly disclosed in the 50th episode of the "All-In" podcast that he bought a large amount of Solana (SOL) at a discount. He also said that he did not sell SOL after the collapse of FTX. He also mentioned that Solana has the potential to replace Ethereum and become the preferred blockchain platform. Earlier news, Trump appointed David Sacks as the head of the crypto field. The VC founded by David Sacks has invested in crypto projects such as dYdX and Lightning Labs.
Related reading: David Sacks, the White House encryption chief, has a diverse background: Silicon Valley investor, Musk's close friend, and Vance's financial sponsor
