David Sacks Crypto News: Raised Voice for Operation Choke Point

David Sacks Crypto News Making Buzz: Operation Choke Point 2.0 Update

David Sacks, a prominent figure in the tech industry, was recently appointed as the White House A.I. & Crypto Czar by President-elect Donald Trump. This news has created quite a buzz in the crypto community, with many speculating on its potential impact on the market, particularly on XRP.

David Sacks Tweet and Its Market Impact

David Sacks took to Twitter to voice his concerns over Operation Choke Point 2.0, a regulatory initiative that has reportedly harmed several crypto businesses. He emphasized that Trump, if re-elected, would put an end to this operation, ensuring a fair service environment for crypto companies. This tweet has sparked optimism among investors, as they anticipate more favorable regulatory conditions under Sacks' leadership.

Source: X

Following the tweet, the XRP price experienced a significant surge. At the time of writing, XRP was trading at $2.42, reflecting an intraday increase of 2.7%. The market cap of XRP reached $138.52 billion, with a 24-hour trading volume of $13.22 billion. Over the past week, XRP saw a remarkable 30% increase, climbing from $1.9363 to a peak of $2.8487 before settling at $2.42.

XRP price prediction suggests that XRP may drop to $1.88 but stabilize around $2.22 within the next three months. However, with Sacks actively working towards favorable crypto policies, these predictions might shift towards a more bullish outlook.

Who is David Sacks?

David Sacks is a well-known entrepreneur and investor, with a rich history in the tech and crypto industries. Appointed by Trump, Sacks is expected to play a crucial role in shaping U.S. crypto policies, potentially driving innovation and ensuring fair regulations for the industry. His leadership could be pivotal in positioning the U.S. as a global leader in digital assets.

Conclusion

David Sacks' appointment and his proactive stance on regulatory issues have infused new hope into the crypto market. The XRP community, along with the broader crypto industry, will be closely watching Sacks' next moves as he takes on his new role as the "Crypto Czar."