World Liberty Financial (WLF), a DeFi project backed by former U.S. President Donald Trump and his family, announced plans to create a strategic crypto asset reserve. This aligns with Trump's past initiatives for a digital asset stockpile.
World Liberty Financial’s Crypto Purchases
WLF has been actively acquiring digital tokens to diversify its crypto portfolio. On February 6, WLF invested $470,000 in Ondo Finance tokens. Ethereum (ETH), TRX, AAVE, and LINK are among other purchases, although Bitcoin is not currently held.
Trump’s Influence on Crypto Policy
The Trump family's involvement in the crypto industry raises discussions about potential conflicts of interest. Donald Trump Jr., along with his siblings, serves as advisors for WLF. These connections could influence the future of U.S. digital asset regulations.
Implications for the U.S. Economy’s Future
During the Ondo Summit, Donald Trump Jr. reinforced the belief that digital assets will form the backbone of America's economic might. However, experts suggest it will take time to establish clear policies.
World Liberty Financial aims to play a significant role in the crypto market by creating strategic reserves and developing new policies. This could impact U.S. economic strategy in the coming decades.
