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 of President Trump and his team towards cryptocurrencies is not surprising in the industry. They now view cryptocurrencies as a new tool to solidify America's global economic leadership. This shift is reportedly influenced by Trump's three sons, Donald Jr., Eric, and Barron, who have all been involved to varying degrees in promoting crypto technology.
Eric spoke at the Bitcoin Middle East and North Africa conference in Abu Dhabi, and
In a post-meeting interview, he stated, "I firmly believe that cryptocurrency is the future.
coming.
Trump not only acquired WLFI but also appointed former PayPal COO David Sacks to lead the formulation of AI and cryptocurrency policies. Trump announced on Truth Social: "Sacks will be responsible for government policy on AI and cryptocurrency, which is crucial for America's future competitiveness."
Additionally, Trump nominated Paul Atkins as the chairman 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 previously expressed skepticism about Bitcoin, it now appears that he and his core team not only support the cryptocurrency industry from a policy perspective but are also personally involved.