Trump's crypto company launches strategic 'token reserve'
1 month, 2 weeks ago

Trump's crypto company launches strategic 'token reserve'

The Hindu  

World Liberty Financial, the new crypto platform in which President Donald Trump holds a financial stake, announced that it was unveiling a strategic token reserve designed to bolster Bitcoin, Ethereum and other cryptocurrencies "that are at the forefront of reshaping global finance." In addition to WLF, the Trump family's holdings include a majority stake in Trump Media & Technology Group, a social-media-and-streaming company that on January 29 announced it was pivoting into financial services tied to crypto. The news comes just three days after Donald Trump Jr., the president's eldest son, made a surprise appearance at the Ondo Summit in New York City, billed as Wall Street 2.0. Donald Trump Jr. emphasized the need for a regulatory framework that would allow “crypto to flourish.” Crypto, he said, is the “future of finance” and the “future of American hegemony.”

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