Donald Trump and his family's involvement in the cryptocurrency industry has evolved from the early release of NFTs to the current World Liberty Financial (WLFI) project, which focuses on decentralized finance (DeFi) platforms and provides innovative financial solutions. The WLFI project not only reflects its layout of crypto assets through the purchase of tokens like ETH, AAVE, and LINK, but also represents Trump's core direction in promoting the development of cryptocurrencies. To some extent, the project can lead the U.S. government to new ideas for regulating cryptocurrencies, 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 cryptocurrencies. In particular, David Sacks not only holds a significant amount of Bitcoin and Solana but has also invested in several crypto projects through his venture capital firm. Robert F. Kennedy Jr. also purchased Bitcoin during his campaign, clearly expressing his support for cryptocurrencies and even proposing policies to back the dollar with hard assets like Bitcoin.
The inclusion of these crypto-friendly figures can not only promote the implementation of U.S. government policies regarding cryptocurrencies but also further accelerate the rapid development of the crypto industry.