Key Takeaways:
- World Liberty Financial, a Trump-backed DeFi project, acquired $20M in crypto days before the White House’s first crypto summit.
- The purchases included $10.1M in ETH, $9.9M in WBTC, and $1.68M in MOVE, fueling speculation about its timing.
- The March 7 summit will discuss crypto regulation and possibly a Bitcoin reserve, with major industry leaders in attendance.
World Liberty Financial, a decentralized finance (DeFi) project linked to the Trump family, purchased over $20 million in cryptocurrency just days before the White House’s first-ever crypto summit on March 7.
According to Bloomberg, a wallet associated with the project acquired approximately $10.1 million in Ether (ETH), $9.9 million in Wrapped Bitcoin (WBTC), and $1.68 million in Movement Network’s MOVE token.
Trump’s decentralized-finance project appears to have bought more than $20 million worth of cryptocurrencies including Ether 2 days before executives at major digital-asset companies are set to discuss crypto policy at the White House https://t.co/TQ2vjduEiJ
— Bloomberg Crypto (@crypto) March 6, 2025
World Liberty was launched in September ahead of the U.S. presidential election to provide a decentralized platform for crypto transactions.
Eric Trump has promoted the project as a transformative force in finance.
However, the company has faced controversy, with reports alleging it offered its WLFI tokens to other projects in exchange for purchasing their tokens.
World Liberty denied the claims, stating it was simply reallocating assets for business purposes.
The timing of the latest crypto purchases has raised questions, as they coincide with the upcoming White House summit, where key industry leaders and President Trump’s Working Group on Digital Assets will discuss crypto regulations.
Some speculate the administration may propose a national Bitcoin reserve, making the event a pivotal moment for the industry.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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