David Sacks made his public statement about selling all his crypto holdings in response to allegations that he might financially benefit from Trump's newly announced U.S. crypto strategic reserve.

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The statement comes amid scrutiny over President Trump’s plan to include Bitcoin, Ether, Solana, XRP, and Cardano in a national crypto stockpile, which triggered major price increases for the selected digital assets.

Allegations surfaced that David Sacks stood to benefit from U.S. President Donald Trump’s proposed crypto strategic reserve after Trump named five cryptos to it on Sunday.

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