Donald Trump and his family's involvement in the cryptocurrency industry has evolved from the early NFT releases to the current World Liberty Financial (WLFI) project, which focuses on a decentralized finance (DeFi) platform that offers innovative financial solutions. The WLFI project not only reflects its layout of crypto assets in the purchase of tokens such as ETH, AAVE, and LINK, but also represents Trump's core direction in promoting the development of cryptocurrency. The project can, to some extent, lead the U.S. government to new ideas for regulating cryptocurrency, especially with the passage of the '21st Century Financial Innovation and Technology Act,' which can provide legitimacy and transparency for decentralized and functional tokens in the crypto industry.
Several cabinet members nominated by Trump, including David Sacks and Robert F. Kennedy Jr., are staunch supporters of cryptocurrency. Notably, 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. Similarly, Robert F. Kennedy Jr. purchased Bitcoin during his campaign and clearly expressed his support for cryptocurrency, even proposing policies to back the dollar with hard assets like Bitcoin.
The addition of these crypto-friendly figures can not only drive the implementation of U.S. government policies on cryptocurrency but also further promote the rapid development of the crypto industry.