World Liberty Financial, a DeFi project backed by Donald Trump, aims to create a strategic reserve using acquired tokens.
World Liberty Financial's Crypto Purchases
World Liberty Financial has been actively acquiring digital tokens, signifying its intention to diversify its crypto portfolio. On February 6, WLF invested $470,000 in Ondo Finance's native token, ONDO. The platform has also purchased other major cryptocurrencies like Ethereum (ETH), Tron's TRX, AAVE, and Chainlink's LINK, among others. Interestingly, WLF does not currently hold Bitcoin despite Eric Trump's recent suggestions. Instead, WLF has chosen to invest in other crypto assets, possibly reflecting shifting sentiments in the family's crypto strategy.
Trump's Influence on Crypto Policy
The Trump family's involvement in the crypto industry has sparked discussions about potential conflicts of interest. Donald Trump Jr., Eric Trump, and Barron Trump are listed as Web3 Advisors for WLF, lending further visibility to the project. This influence, combined with Trump's administration's recent policies on cryptocurrency regulation, could shape the future of digital asset laws in the U.S.
Significant Role at the Ondo Summit
During the Ondo Summit on February 6, Donald Trump Jr. reiterated his belief in the importance of digital assets for the future of the U.S. economy. He emphasized that cryptocurrency could serve as a cornerstone for America's financial dominance in the coming decades. The summit also featured discussions from industry leaders and government figures, including former Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo. Giancarlo noted that while the Trump administration has reversed some past policies, establishing clear and effective regulations for crypto assets will take time.
World Liberty Financial continues to expand its influence in the crypto industry by actively maintaining strategies for reserve formation and participating in significant industry events, potentially impacting the future regulation of digital assets in the U.S.
