Big news in the crypto world! White House artificial intelligence and cryptocurrency advisor David Sacks has confirmed that he sold all his crypto holdings—including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL)—before taking office.

Meanwhile, former U.S. President Donald Trump has made a bold move by announcing that the U.S. Strategic Reserve will now include Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA), and Solana (SOL). This decision has caused a surge in the cryptocurrency market, bringing renewed excitement to investors.

As the market turns green with rising prices, Sacks clarified that he no longer owns any crypto assets. His decision to sell off his investments comes amid concerns about a potential conflict of interest due to his ties with Bitwise, a company that offers crypto-focused ETFs.

His venture firm, Craft Ventures, holds shares in several crypto ETFs, including those managed by Bitwise. Additionally, Bitwise has applied for an ETF that includes Bitcoin, Ethereum, XRP, Solana, and Cardano—some of the same assets Trump wants to add to U.S. reserves. This raised questions about whether Sacks could be in a position to influence policies that might benefit his former investments.

To address these concerns and maintain transparency, Sacks made it clear that he sold all his BTC, ETH, and SOL holdings before stepping into his government role. This move aims to eliminate any doubts about potential conflicts of interest and ensure public trust in his advisory position.

With Trump’s support for crypto now official, and Sacks stepping away from personal holdings, the market is bracing for significant developments in the months ahead.