President Trump’s crypto project World Liberty Financial (WLFI) has now acquired more than $388 million worth of digital assets, according to Chain Data.
Blockchain “identity” platform Arkham reported that World Liberty Financial increased its crypto holdings after making large Ethereum (ETH) and Tron (TRX) purchases late Friday.
“Donald Trump’s Project World Liberty Fi buys 47 million eth ($15 million), stakes and buys $26 million TRX as Trump pledges to develop national digital asset reserve.”
The project recently joined the top 0.1% of all Ethereum staters, with an aggressive eth accumulation street. On the day of Trump’s inauguration, World Liberty Financial traded $47 million worth of ETH, $47 million worth of Wrapped Bitcoin (WBTC), $4.7 million worth of AAVE (AAVE), and $4.7 million worth of Chainlink. I purchased (link). (TRX) and Ethena (ENA) worth $4.7 million.
While accumulating crypto assets, President Trump has been advancing legislation to accommodate the industry and undo the hostile regulatory environment created by the previous presidential administration. The President recently signed an executive order to strengthen stablecoin adoption while studying the creation of a strategic national Bitcoin (BTC) and crypto reserve and preventing the development of central bank digital currencies (CBDCs).
The order, titled “Strengthening American Leadership in Digital Financial Technologies,” says the administration supports “responsible growth” and the use of digital assets and blockchain technology.
The order repeals former President Biden’s digital asset guidance and creates a new working group to coordinate and propose clear rules of the road for cryptocurrencies within six months.
“The working group should evaluate the potential creation and maintenance of a national digital asset stockpile and propose standards for stockpiles derived from cryptocurrencies lawfully seized by the federal government through law enforcement efforts.”
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