Trump’s World Liberty bought $20M worth of crypto ahead of March 7 summit

The White House’s crypto summit could reveal important details about the Trump administration’s forthcoming crypto policies, including plans for a BTC reserve.

World Liberty Financial, a decentralized finance (DeFi) project backed by President Donald Trump’s family, snatched up more than $20 million worth of digital assets ahead of the White House’s first crypto summit on March 7.

According to Bloomberg, a digital wallet tied to World Liberty acquired $10.1 million worth of Ether (ETH), $9.9 million worth of Wrapped Bitcoin (WBTC) and $1.68 million of Movement Network’s MOVE token two days before the summit. 

The Trump family launched World Liberty Financial in September during the lead-up to the US presidential election. Once it becomes fully operational, World Liberty claims it will allow crypto holders to buy, sell and earn interest on their holdings without centralized intermediaries.

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