World Liberty Financial, a decentralized finance project backed by Donald Trump and his family, has announced the creation of a strategic token reserve.
World Liberty Financial's Crypto Purchases
World Liberty Financial is actively acquiring digital tokens to diversify its crypto portfolio. On February 6, the company invested $470,000 in the ONDO token. Other cryptocurrencies acquired include Ethereum (ETH), Tron's TRX, AAVE, and Chainlink’s LINK. Interestingly, WLF does not hold Bitcoin, despite Eric Trump's suggestions.
Trump's Influence on Crypto Policy
Trump holds significant influence over crypto policy. His family members, including Donald Trump Jr. and Eric Trump, serve as Web3 Advisors for WLF. At the Ondo Summit, Donald Trump Jr. emphasized the importance of digital assets for the U.S. economy.
The Future of Crypto and the U.S.
Discussions at the Ondo Summit highlight the importance of clear and effective regulatory measures. Former CFTC Chairman J. Christopher Giancarlo and Andreessen Horowitz Senior Advisor William Hinman noted that updates to crypto regulation will take time.
World Liberty Financial is expanding its influence in the cryptocurrency world, while Trump and his family continue to play a significant role in the regulation of digital assets in the U.S.
