World Liberty Financial, affiliated with the Trump family, has announced the acquisition of a significant share of $TRUMP tokens after a dispute regarding a wallet.
Purchase of $TRUMP Tokens
Eric Trump, managing World Liberty Financial, announced the decision to purchase $TRUMP tokens as part of the company's investment strategy. He stated that the token had 'aligned' with the business and they would focus on its development. In a post on X, he noted, 'I am pleased to announce the $TRUMP token has aligned with @WorldLibertyFi.'
Cancellation of the Wallet Project
A previous conflict arose regarding the development of a cryptocurrency wallet bearing the organization's name, which has now been abandoned. The company distanced itself from the project, leading to legal disputes. Trump and his brothers denied their involvement, asserting they had nothing to do with the proposal, and issued a cease and desist order against the companies associated with the wallet.
Impact of the Trump Family on the Cryptocurrency Market
The Trump family's investments in cryptocurrency affirm their growing influence in this sector. Since launching their NFT collection in 2022, the family has rapidly expanded their position in the world of digital assets. The creation of the $TRUMP token in January 2025 and the ongoing development of World Liberty Financial's decentralized finance platform underscore their business activity in this area.
Thus, the new collaboration between World Liberty Financial and the $TRUMP token indicates the Trump family's intention to strengthen their foothold in the cryptocurrency and digital asset spheres, despite emerging disputes and challenges.
