World Liberty Financial (WLF), a decentralized finance (DeFi) project backed by Donald Trump, intends to create a strategic reserve by purchasing tokens.
World Liberty Financial's Crypto Purchases
WLF has been acquiring digital tokens, signaling its intention to diversify its crypto portfolio. On February 6, the company invested $470,000 in Ondo Finance's token ONDO. WLF has also purchased cryptocurrencies such as Ethereum (ETH), Tron's TRX, AAVE, and Chainlink's LINK, but does not currently hold Bitcoin, despite Eric Trump's recent suggestion.
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 Web3 Advisors for WLF. Their influence and the administration’s recent policies on cryptocurrency regulation could shape the future of digital asset laws in the U.S.
Discussions at the Ondo Summit
At the Ondo Summit, Donald Trump Jr. reiterated the importance of digital assets for the future of the U.S. economy, noting that cryptocurrency could serve as a cornerstone for America's financial dominance in the coming decades. Former CFTC Chairman J. Christopher Giancarlo noted that establishing clear and effective crypto regulations will take time. Senior Advisor William Hinman echoed this sentiment, highlighting the need for patience in legislative efforts to update crypto regulations.
Led by Trump, WLF is taking steps to shape its cryptocurrency strategy, potentially drawing attention from investors and regulators alike.
