Trump Family Plans Big Ethereum Deals, Lubin Says
- Trump family strengthens presence in Ethereum
- World Liberty Financial holds 55.341 ETH
- Plan also includes operations in Bitcoin and Solana
Donald Trump’s recent inauguration as the 47th President of the United States has brought new interest to World Liberty Financial, a company controlled by the Trump family. In just 24 hours, the organization has started acquiring even more cryptocurrencies, totaling around US$47 million in assets such as Ethereum (ETH), wBTC, AAVE, Chainlink (LINK), TRON and ENA.
Based on what I am aware of, the Trump family will build one or more giant businesses on Ethereum. And they will also do things on and for other chains like Bitcoin and Solana.
The Trump Administration will do what is good for the USA and that will involve ETH, considerations…
—Joseph Lubin (@ethereumJoseph) January 21, 2025
Ethereum co-founder Joseph Lubin commented on the move, emphasizing the Trump family's intention to build large-scale projects on the Ethereum blockchain. According to him, the decentralized network plays a crucial role in technological advancement and could be used in government applications, just as the internet is used today.
“From what I understand, the Trump family is going to build one or more giant businesses on Ethereum. And they’re also going to do things on other networks like Bitcoin and Solana,” Lubin said in a recent post, responding to speculation about the Trumps’ plans in that space. He has previously described World Liberty Financial as “100% aligned with Ethereum.”
Recent data indicates that World Liberty Financial holds 55.341 ETH, reinforcing the group's confidence in the leading smart contract platform. This stance suggests that the Trumps intend to invest in robust solutions capable of bringing practical benefits and global reach, avoiding projects that are merely speculative or restricted to short-term fads.
Donald Trump Jr., when celebrating the start of the new administration, confirmed the acquisition of different crypto assets, highlighting that the family is betting on platforms with great potential for adoption. The move attracts the attention of both newcomers to the cryptocurrency market and experienced investors, as it involves strategic use of resources and a possible direct influence on the country's technological guidelines.
Lubin emphasizes that as the Trump administration evaluates alternatives to boost the economy, Ethereum could become a key part of official initiatives. This integration could include the development of decentralized services, digital identification systems, and projects that facilitate collaboration between the public and private sectors. Diversification into blockchains such as Bitcoin and Solana reinforces the search for innovative solutions, expanding the scope of the Trump family's activities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
VINEUSDT now launched for futures trading and trading bots
Can Sui price Hit $40 Before This Rival Altcoin Steals Attention?
Bitcoin's Outlook Is Bullish With Prices Expected to Remain Elevated: Deutsche Bank