Crypto reserve david sacks ripple solana memecoins – Breaking News & Latest Updates 2026
Skip to main content

Trump’s first 100 days: all the news affecting the tech industry

See all Stories

T
External Link
Trickle-down cryptonomics.

It’s not surprising that the government’s crypto reserve involves Bitcoin and Ethereum, but the other three coins seem kind of random — Cardano (have you heard of it???), XRP, and Solana.

Popular Information dug deeper and identified a few politically-connected entities involved. There’s Ripple, the company that created XRP, which donated tens of millions to Republican super PACs and candidates like Trump in the 2024 election. Then there’s Solana, which backs memecoins like $TRUMP and $MELANIA. And to nobody’s surprise, David Sacks is also all up in the mix.

Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Comments
Loading comments
Getting the conversation ready...