Chuck Darwin<p>At 10:24am on Sunday morning in Washington, D.C., Donald Trump posted to Truth Social that the upcoming US Crypto Reserve would contain XRP, SOL, and ADA.</p><p>That Trump decided to bless three assets that the Securities and Exchange Commission (SEC) had previously designated as unregistered securities barely registered with post-Gary Gensler crypto investors.</p><p>Indeed, since Trump’s inauguration, lawsuits initiated by Gensler’s SEC against Uniswap, Coinbase, Robinhood, Gemini, Metamask, OpenSea, Justin Sun, and Richard Heart have been abruptly terminated.</p><p>Moreover, that Trump decided to first bless non-bitcoin assets after debuting his promise of a sovereign stockpile at a 2024 BTC maximalist conference was also unsurprising <br>after he and his wife decided to launch two meme coins on Solana during his Inauguration week.</p><p>Even less of a surprise is the financial conflict of interest that Trump’s appointed Crypto Czar <a href="https://c.im/tags/David" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>David</span></a> <a href="https://c.im/tags/Sacks" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Sacks</span></a> has with XRP, SOL, and ADA. </p><p>For example, Sacks is one of the earliest investors in SOL via his limited partnership in Multicoin Capital and has publicly laughed about selling his early bags to latecomers.</p><p>Sacks is also a lead investor in Bitwise Asset Management, whose flagship BITW index fund is maximally allocated to all five of the crypto assets that Trump named. </p><p>Over 97% of BITW consists of XRP, SOL, ADA, BTC, and ETH holdings.</p><p>The potential conflicts of interest extend beyond David Sacks to Trump himself, <br>as recent financial disclosures reveal significant holdings in XRP, SOL, and ADA through various Trump entities like World Liberty Financial.</p><p>That presidential entity owns staked ETH and wrapped BTC — two assets that Trump endorsed yesterday.</p><p><a href="https://protos.com/trumps-crypto-reserve-conveniently-mirrors-david-sacks-backed-fund/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">protos.com/trumps-crypto-reser</span><span class="invisible">ve-conveniently-mirrors-david-sacks-backed-fund/</span></a></p>