World Liberty Financial (WLF), supported by US President Donald Trump and his family, aims to create a strategic token reserve through purchases.
World Liberty Financial's Crypto Purchases
WLF has been actively acquiring digital tokens, signaling its intent to diversify its crypto portfolio. On February 6, WLF invested $470,000 in Ondo Finance's native token, ONDO, according to Onchain Lens. The platform has also purchased cryptocurrencies like Ethereum (ETH), Tron's TRX, AAVE, and Chainlink's LINK. Despite focusing on Ethereum and other altcoins, WLF does not currently hold Bitcoin, even though Eric Trump suggested it as a good entry point.
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., Eric Trump, and Barron Trump are listed as Web3 Advisors for WLF, drawing further visibility to the project. This influence, combined with recent Trump administration policies on cryptocurrency regulation, could shape the future of digital asset laws in the US.
Digital Assets in the US Economy
At the Ondo Summit, Donald Trump Jr. reiterated his belief in the importance of digital assets for the US economy's future, emphasizing that cryptocurrency could serve as a cornerstone for America's financial dominance in the coming decades.
World Liberty Financial and the Trump family's involvement continues to capture public interest and highlight the importance of cryptocurrencies in the US economic future.
