President Trump’s crypto project, World Liberty Financial (WLFI), has acquired over $388 million in digital assets, according to on-chain data.
Ethereum and Tron Purchases
Blockchain analytics platform Arkham announced World Liberty Financial’s major Ethereum (ETH) move on Friday. $3,304.1 and Tron (TRX) reported that he increased his crypto holdings after making purchases. The company expanded its portfolio after investing in ETH and TRX.
ETH Staking and Meeting
WLFI has joined the top 0.1% of all Ethereum stakers with its aggressive ETH accumulation. On Trump’s inauguration day, WLFI $47 million ETH, $47 million Wrapped Bitcoin (wBTC), $4.7 million Aave (AAVE), Chainlink $25.3 (LINK), Tron (TRX) and Ethena (ENA).
New Legislation and Digital Asset Strategy
While accumulating crypto assets, President Trump is working to advance legislation that will support the industry and reverse the negative regulatory environment created by the previous administration. President launches a strategic national Bitcoin (BTC) $104,673.8 and signed an executive order to examine the creation of crypto stocks.
“The Working Group will evaluate the potential for establishing and maintaining a national digital asset stock and propose criteria for establishing this stock,”
The executive order is titled “Strengthening American Leadership in Digital Financial Technologies” and states that the administration supports the “responsible growth” of digital assets and blockchain technology.
The order rescinds previous President Biden’s digital asset guidelines and creates a new working group to recommend clear rules for cryptocurrencies within six months.
Donald Trump’s World Liberty Financial project is moving aggressively to gain a significant position in the digital asset market. The company’s major crypto purchases hint at its future digital asset strategies.
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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.