World Liberty Financial (WLF), a decentralized finance (DeFi) project backed by US President Donald Trump and his family, is developing a strategic token reserve. Co-founder Chase Herro confirmed this without disclosing details about its size or intended use.
World Liberty Financial's Crypto Purchases
WLF has been actively acquiring digital tokens to diversify its crypto portfolio. On February 6, the company invested $470,000 in Ondo Finance's native token, ONDO. The platform also purchased major cryptocurrencies, including Ethereum (ETH), Tron's TRX, AAVE, and Chainlink's LINK. Interestingly, despite a focus on Ethereum and other altcoins, WLF does not hold Bitcoin. Despite Eric Trump's recent suggestion that Bitcoin would be a good entry price when it traded around $98,000, WLF has chosen other assets, possibly reflecting a shift in the family's crypto strategy. Herro mentioned that WLF is a "big builder fan," indicating a long-term approach to investments.
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. Their influence, combined with the Trump administration's recent policies on cryptocurrency regulation, could shape the future of digital asset laws in the U.S.
Future of Crypto Regulation in the U.S.
During the Ondo Summit on February 6, Trump Jr. reiterated 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 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. William Hinman, Senior Advisor at Andreessen Horowitz, echoed this view, suggesting that legislative efforts to update crypto regulations will need patience.
With the support of Donald Trump and his family, World Liberty Financial is moving towards creating a strategic token reserve, which could significantly impact the crypto industry and digital asset regulation in the U.S. in the future.
