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COINTURK NEWS > Altcoin News > Trump’s Administration Makes Bold Moves in Cryptocurrency Investments
Altcoin News

Trump’s Administration Makes Bold Moves in Cryptocurrency Investments

In Brief

  • World Liberty Financial is significantly increasing its cryptocurrency investments.

  • Trump's executive order prioritizes the cryptocurrency market nationally.

  • The administration aims to strengthen U.S. leadership in the crypto sector.

Ömer Ergin
Ömer Ergin 4 months ago
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World Liberty Financial, supported by President Donald Trump, continues to expand its cryptocurrency portfolio. Recently, the company purchased 4,700 ETH (valued at $15 million) and 10.61 million TRX (valued at $2.65 million). These acquisitions follow the Trump administration’s decisive actions to establish a comprehensive regulatory framework for the cryptocurrency market.

Contents
World Liberty Financial’s Major Cryptocurrency PurchasesDigital Asset Reserve and Regulatory Initiatives

World Liberty Financial’s Major Cryptocurrency Purchases

World Liberty Financial was also identified to have recently acquired 3,079 ETH (worth $10 million) and 10.61 million TRX (worth $2.65 million). The company’s holdings in these altcoins have now reached 55,625 ETH and 40.72 million TRX.

World Liberty Financial Cryptocurrency Portfolio

According to Spot On Chain, the value of World Liberty Financial’s cryptocurrency portfolio has approached $400 million. The largest holdings include Ethereum $2,338, followed by Wrapped Bitcoin $103,051 (WBTC), Lido Staked ETH (STETH), USD Coin (USDC), and TRON, completing the top five cryptocurrencies in the portfolio.

Digital Asset Reserve and Regulatory Initiatives

Last evening, Trump signed an executive order designating the cryptocurrency market as a national priority. This order led to the establishment of the “Presidential Working Group on Digital Asset Markets.” The group aims to create a federal regulatory framework and establish a “strategic national digital asset reserve.”

The working group consists of heads from key institutions, including the Treasury Secretary, Attorney General, and SEC. It will provide recommendations on regulating cryptocurrencies and developing a national digital asset reserve. The Trump administration expressed its commitment to developing policies that protect the secure use of blockchain networks by individuals.

Trump’s order also addresses stablecoins, the freedom to use personal wallets, and fair access to banking services. Plans for the Federal Reserve’s digital currency (CBDC) are halted. Trump frequently emphasizes the importance of cryptocurrencies as a vital element of the national economy.

Through these measures, the Trump administration aims to reinforce the U.S.’s leadership position in the cryptocurrency market.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 24 January, 2025 - 10:35 am 24 January, 2025 - 10:35 am
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