Trump-Linked Crypto Firm Buys $25M in Assets Ahead of White House Summit
World Liberty Financial, a DeFi project tied to the Trump family, made significant cryptocurrency purchases just before a major White House event on digital assets.
- World Liberty Financial, a decentralized finance firm connected to President Trump's family, acquired $10 million in Ethereum, $10 million in Wrapped Bitcoin, and $1.5 million in MOVE tokens this week.
- The purchases occurred shortly before the White House Crypto Summit, where President Trump is expected to unveil a government crypto reserve plan featuring Bitcoin, Ethereum, and other digital assets.
- The company also announced a partnership with SUI, a blockchain project, which led to an 11% increase in the value of its cryptocurrency, SUI.
- Critics have raised concerns about potential conflicts of interest, as the Trump family reportedly holds a 75% stake in World Liberty Financial's net revenue.
- Industry leaders, including Coinbase's CEO and other tech executives, are set to attend the summit, which could influence market trends and regulatory discussions.
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