Eric Trump, the second son of Donald Trump, made a statement following a change in his role at ALT 5 Sigma, a company associated with World Liberty Financial (WLFI).
Changes in Company Management
Eric Trump has been removed from the board of directors of ALT 5 Sigma and has been transferred to a 'board observer' position in accordance with Nasdaq's listing rules.
Eric Trump's Statement
Eric Trump stated on social media platform X: 'I am 1000% committed to WLFI and will do my best to redefine the future of finance.'
Context and Prospects of WLFI
It was previously revealed that the Trump Organization-backed crypto deal was quietly revised weeks after its announcement. A Trump-linked LLC reportedly owns approximately 38% of World Liberty Financial and holds 22.5 billion WLFI tokens.
Eric Trump's position in the WLFI project and his commitment may influence the company's development, especially in light of the management changes.