President Trump’s crypto undertaking World Liberty Monetary (WLFI) has now acquired over $388 million price of digital belongings, in response to on-chain knowledge.
Blockchain “de-anonymizing” platform Arkham reports that World Liberty Monetary boosted its crypto holdings after making massive Ethereum (ETH) and Tron (TRX) purchases late on Friday.
“DONALD TRUMP’S PROJECT WORLD LIBERTY FI BUYS AND STAKES 4,700 ETH ($15 million), PURCHASES $2.65 MILLION TRX AS TRUMP PLEDGES TO DEVELOP NATIONAL DIGITAL ASSET STOCKPILE.”
The undertaking not too long ago joined the highest 0.1% of all Ethereum stakers with its aggressive ETH accumulation spree. On the day of Trump’s inauguration, World Liberty Monetary purchased $47 million price of ETH, $47 million price of Wrapped Bitcoin (wBTC), $4.7 million price of Aave (AAVE), $4.7 million price of Chainlink (LINK), $4.7 million price of Tron (TRX) and $4.7 million price of Ethena (ENA).
Whereas accumulating crypto belongings, President Trump has been working on laws to accommodate the business and reverse the hostile regulatory local weather created by the earlier presidential administration. The president not too long ago signed an government order to check the creation of a strategic nationwide Bitcoin (BTC) and crypto stockpile, in addition to forestall the event of a central financial institution digital foreign money (CBDC) whereas boosting stablecoin adoption.
The order, entitled “Strengthening American Management in Digital Monetary Expertise,” states the administration helps the “accountable progress” and use of digital belongings and blockchain expertise.
The order revokes former President Biden’s digital asset directives and creates a brand new working group that can coordinate and suggest clear guidelines of the street for cryptocurrencies inside six months.
“The Working Group shall consider the potential creation and upkeep of a nationwide digital asset stockpile and suggest standards for establishing such a stockpile, probably derived from cryptocurrencies lawfully seized by the Federal Authorities by its legislation enforcement efforts.”
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