On-chain data shows that wallets associated with World Liberty Financial, supported by Trump, recently purchased approximately $5 million worth of Ethereum (ETH) and other crypto assets, such as Coinbase Wrapped Bitcoin (BTC),
LINK and AAVE. After this purchase, the total amount of crypto tokens held by this wallet
exceeded $72 million.
The shift in attitude towards cryptocurrencies by President Trump and his team is not surprising in the industry. They now view cryptocurrencies as a new tool to consolidate America's global economic leadership. This shift is said to have been influenced by Trump's three sons, Donald Jr., Eric, and Barron, who have all been involved to varying degrees in promoting cryptocurrency technology.
Eric spoke at the Bitcoin Middle East and North Africa Conference in Abu Dhabi, and
After the meeting, he stated, "I firmly believe that cryptocurrency is the future.
to come.
Trump not only acquired WLFI but also appointed former PayPal COO David Sacks to lead the development of artificial intelligence and cryptocurrency policy. Trump announced on Truth Social, "Sacks will be responsible for government policy on AI and cryptocurrencies, which is crucial for America's future competitiveness."
Additionally, Trump nominated Paul Atkins as the chair of the U.S. Securities and Exchange Commission (SEC), further demonstrating his support for cryptocurrencies. Trump posted on Truth Social celebrating the surge in Bitcoin prices, writing, "$100,000 milestone! Amazing! Let's work together to make America great again!"
Although Trump has been skeptical about Bitcoin in the past, it now seems that he and his core team not only support the cryptocurrency industry from a policy perspective but are also personally involved.
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