President Trump’s crypto project World Liberty Financial (WLFI) has now acquired over $388 million worth of digital assets, according to on-chain data.
Blockchain “de-anonymizing” platform Arkham reports that World Liberty Financial boosted its crypto holdings after making large 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 project recently joined the top 0.1% of all Ethereum stakers with its aggressive ETH accumulation spree. On the day of Trump’s inauguration, World Liberty Financial bought $47 million worth of ETH, $47 million worth of Wrapped Bitcoin (wBTC), $4.7 million worth of Aave (AAVE), $4.7 million worth of Chainlink (LINK), $4.7 million worth of Tron (TRX) and $4.7 million worth of Ethena (ENA).
While accumulating crypto assets, President Trump has been working on legislation to accommodate the industry and reverse the hostile regulatory climate created by the previous presidential administration. The president recently signed an executive order to study the creation of a strategic national Bitcoin (BTC) and crypto stockpile, as well as prevent the development of a central bank digital currency (CBDC) while boosting stablecoin adoption.
The order, entitled “Strengthening American Leadership in Digital Financial Technology,” states the administration supports the “responsible growth” and use of digital assets and blockchain technology.
The order revokes former President Biden’s digital asset directives and creates a new working group that will coordinate and propose clear rules of the road for cryptocurrencies within six months.
“The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.”
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