Launch of a strategic "token reserve" by Trump's WLF
President Donald Trump owns stock in World Liberty Financial (WLF), a new cryptocurrency platform, which has announced the creation of a strategic token reserve aimed at supporting Ethereum, Bitcoin, and other cryptocurrencies.
Token reserves are intended to reduce market volatility, enable the business to invest in cutting-edge decentralized finance projects, build a well-capitalized reserve, look for strategic alliances with financial institutions to add tokenized assets to the WLF reserve, diversify its holdings, and reduce risk.
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In a statement published on X, WLF announced the news, stating that the new token reserve will let the business to participate in decentralized financial initiatives and lessen market volatility.
In order to add tokenized assets to the WLF reserve, the company also plans to seek strategic alliances with financial institutions. Reuters estimates that WLF has already sold $500 million worth of tokens.
The statement coincides with Trump and his family's growing engagement in the cryptocurrency space. Trump's family also owns the majority of Trump Media & Technology Group, which declared a shift to financial services with a crypto connection, in addition to WLF.
Perhaps as a result of a recently established task group, Binance and the U.S. Securities and Exchange Commission (SEC) have asked for a break in their legal dispute. Under Republican control, the SEC is anticipated to reassess current court cases, reorganize its priorities, transfer attorneys specializing in crypto enforcement, and strengthen monitoring of investigations.
Paul Atkins, a lawyer who is sympathetic to cryptocurrency, has been appointed by President Trump to be the new head of the SEC.
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