Trump and his family's involvement in the cryptocurrency industry has evolved from early NFT releases to the current World Liberty Financial (WLFI) project, which focuses on a decentralized finance (DeFi) platform offering innovative financial solutions. The WLFI project not only reflects its layout of crypto assets in the purchase of tokens like ETH, AAVE, and LINK but also represents Trump's core direction in promoting the development of cryptocurrency. To some extent, this project could lead to new ideas for the U.S. government's regulation of cryptocurrencies, especially with the passage of the '21st Century Financial Innovation and Technology Act,' which could provide legitimacy and transparency for decentralized and functional tokens in the cryptocurrency industry.
Several cabinet members nominated by Trump, including David Sacks and Robert F. Kennedy Jr., are staunch supporters of cryptocurrency. In particular, David Sacks not only holds a significant amount of Bitcoin and Solana but has also invested in multiple crypto projects through his venture capital firm. Robert F. Kennedy Jr. also purchased Bitcoin during his campaign, explicitly expressing support for cryptocurrency and even proposing policies that would back the U.S. dollar with hard assets like Bitcoin.
The inclusion of these crypto-friendly figures not only promotes the implementation of U.S. government policies regarding cryptocurrency but also further accelerates the rapid growth of the crypto industry.