Trump announces Ethereum wallet assets, igniting cryptocurrency speculation craze
Chain data shows that a wallet 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 the wallet exceeded $72 million.
The shift in attitude of President Trump and his team towards cryptocurrency is not surprising in the industry. They now see cryptocurrency as a new tool to consolidate America's global economic leadership. This shift is reportedly influenced by Trump's three sons, Donald Jr., Eric, and Barron, who are all involved to varying degrees in the promotion of crypto technology.
Eric spoke at the Bitcoin Middle East and North Africa conference in Abu Dhabi and stated in an interview afterward, "I firmly believe cryptocurrency is the future."
Trump not only acquired WLFI but also appointed former PayPal Chief Operating Officer 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 cryptocurrency.
Trump posted on Truth Social to celebrate the surge in Bitcoin's price, writing, "$100,000 milestone! Amazing! Let's work together to make America great again!"
Although Trump was previously skeptical about Bitcoin, it now seems that he and his core team are not only supporting the cryptocurrency industry from a policy perspective but are also personally involved in it.
