{"id":16156,"date":"2025-03-04T19:31:54","date_gmt":"2025-03-04T19:31:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16156"},"modified":"2025-03-04T19:31:54","modified_gmt":"2025-03-04T19:31:54","slug":"is-us-crypto-reserve-a-secret-plan-from-david-sack-crypto-czars-fund","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16156","title":{"rendered":"Is US Crypto Reserve a Secret Plan From David Sack Crypto Czar\u2019s Fund?"},"content":{"rendered":"<div>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Donald Trump<a href=\"https:\/\/99bitcoins.com\/news\/trump-crypto-reserve-3-mistakes-that-new-crypto-investors-make\/\"> jolted the crypto market<\/a> this weekend, unveiling plans for a U.S. Crypto Reserve and naming its key assets. XRP, Solana, and Cardano were first on the list, with Bitcoin and Ethereum added later in a Truth Social update.<\/p>\n<p>Did you say thank you to Donald Trump and JD Vance, 99Bitcoins fam? Have you ever said \u2018thank you\u2019 once for pumping your bags for five minutes before a<a href=\"https:\/\/99bitcoins.com\/news\/why-is-crypto-down-today-why-is-crypto-crashing\/\"> historic dump<\/a>?<\/p>\n<figure id=\"attachment_211758\" aria-describedby=\"caption-attachment-211758\" style=\"width: 690px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-211758\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-35.png\" alt=\"\" width=\"690\" height=\"591\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-35.png 690w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-35-300x257.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-35-50x43.png 50w\" sizes=\"auto, (max-width: 690px) 100vw, 690px\"><figcaption id=\"caption-attachment-211758\" class=\"wp-caption-text\">(<a class=\"general-link\" href=\"https:\/\/x.com\/crypto_goos\/status\/1896863942028451866\" target=\"_blank\" rel=\"noopener nofollow\">X<\/a>)<\/figcaption><\/figure>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">The announcement sent prices for the selected cryptocurrencies soaring; it also sparked renewed scrutiny over potential conflicts of interest within his administration, particularly with David Sacks.<\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_67c754ae7cce2\" data-coin-id=\"eth-ethereum\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_67c754ae7cce2-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_67c754ae7cce2-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67c754ae7cce2-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67c754ae7cce2-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67c754ae7cce2-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_67c754ae7cce2-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_67c754ae7cce2-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_67c754ae7cce2-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_67c754ae7cce2-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_67c754ae7cce2-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_67c754ae7cce2-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_67c754ae7cce2-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">US Crypto Reserve: A Market-Driving Announcement Amid David Sacks Controversy<\/h2>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Trump dropped a bomb on the crypto market Sunday morning, naming XRP, SOL, and ADA key assets in the U.S. Crypto Reserve. Prices exploded\u2014<a href=\"https:\/\/99bitcoins.com\/news\/analysts-predict-ripple-price-has-28-days-until-xrp-price-explosion-history-repeats\/\">XRP jumped 28%<\/a>, SOL climbed 23%, and ADA spiked 58%. The frenzy escalated hours later when Bitcoin and Ethereum were added, igniting a wave of bullish momentum across the market. This move aims to cement U.S. dominance in the world of digital assets.<\/p>\n<p>\u201cA U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden administration,\u201d Trump wrote on Truth Social. \u201cI will ensure the U.S. is the Crypto Capital of the World.\u201d<\/p>\n<figure id=\"attachment_211762\" aria-describedby=\"caption-attachment-211762\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-211762\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/XRPUSDT_2025-03-04_09-30-44-1024x532.png\" alt=\"\" width=\"1024\" height=\"532\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/XRPUSDT_2025-03-04_09-30-44-1024x532.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/XRPUSDT_2025-03-04_09-30-44-300x156.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/XRPUSDT_2025-03-04_09-30-44-768x399.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/XRPUSDT_2025-03-04_09-30-44-1536x798.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/XRPUSDT_2025-03-04_09-30-44.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/XRPUSDT_2025-03-04_09-30-44-50x26.png 50w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><figcaption id=\"caption-attachment-211762\" class=\"wp-caption-text\">(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/chart\/A4aJB7ow\/?symbol=BINANCE%3AXRPUSDT\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSDT<\/a>)<\/figcaption><\/figure>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">The announcement follows the administration\u2019s consistent pro-crypto stance, including reversing Biden-era enforcement policies.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Trump\u2019s altcoin selections aren\u2019t without controversy. Critics are questioning potential conflicts of interest involving Crypto Czar David Sacks, who has deep ties to the crypto industry. Sacks, leading this week\u2019s White House Crypto Summit, is an early SOL investor through Multicoin Capital and is linked to Bitwise Asset Management, which heavily backs all five chosen tokens.<\/p>\n<p>\u201cI sold all my cryptocurrency (including BTC, ETH, and SOL) before the start of the administration,\u201d Sacks stated on X, responding to allegations of conflicts of interest. He later clarified, \u201cI had a $74,000 position in the Bitwise ETF, which I sold on January 22.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The accusation that people who are already very successful in business go into government to make more money is a lazy and stupid narrative. As I\u2019ve learned, serving in government involves substantial disruption and divestiture of one\u2019s business interests.<\/p>\n<p>The real question is\u2026<\/p>\n<p>\u2014 David Sacks (@DavidSacks) <a href=\"https:\/\/twitter.com\/DavidSacks\/status\/1896938010920313112?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 4, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Critics argue that despite direct holdings, Sacks\u2019 close ties to the assets in question could influence policy decisions. Trump himself has also come under fire.<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">SEC-Designated \u201cSecurities\u201d Now Blessed<\/h2>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Trump\u2019s focus on tokens like XRP, SOL, and ADA\u2014once flagged as unregistered securities by the SEC\u2014raises eyebrows but hasn\u2019t rattled investors ready to embrace the <a href=\"https:\/\/99bitcoins.com\/news\/the-tyranny-of-gary-gensler-is-finally-over-heres-what-to-expect-after-crypto-in-2025\/\">post-Gary Gensler<\/a> world.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">The market seems more interested in the administration\u2019s nod toward softer regulations.<\/p>\n<p>There cannot be an unlimited bull run. The market should have crashed<a href=\"https:\/\/99bitcoins.com\/news\/biden-covid-polymarket-predicts-69-chance-of-biden-dropout-after-health-scare\/\"> during COVID-19<\/a>, but the government and Fed did everything possible to keep the economy artificially propped up.<\/p>\n<p>The fruits of that decision are what we\u2019ve been seeing for the last couple of years with rising interest rates and inflation. Now, we are at a crossroads where perhaps Trump will allow the market to enjoy a correction, as needed, for years.<\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/xrp-price-jumps-11-after-sec-crypto-unit-tease-xrp-etf-progress\/\" target=\"_blank\" rel=\"noopener\">XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Donald Trump<a href=\"https:\/\/99bitcoins.com\/news\/trump-crypto-reserve-3-mistakes-that-new-crypto-investors-make\/\"> jolted the crypto market<\/a> this weekend, unveiling plans for a U.S. Crypto Reserve     <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The announcement sparked renewed scrutiny over potential conflicts of interest within his administration, particularly with David Sacks.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        For now, the debate about cryptocurrency\u2019s place in America\u2019s financial future is just beginning.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/is-us-crypto-reserve-a-secret-plan-from-david-sack-crypto-czars-fund\/\">Is US Crypto Reserve a Secret Plan From David Sack Crypto Czar\u2019s Fund?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump jolted the crypto market this weekend, unveiling plans for a U.S. Crypto Reserve and naming its key assets. XRP, Solana, and Cardano were first on the list, with Bitcoin and Ethereum added later in a Truth Social update. Did you say thank you to Donald Trump and JD Vance, 99Bitcoins fam? Have you [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16156","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16156"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16156\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}