World Liberty Monetary (WLF), a decentralized finance (DeFi) challenge backed by the US President Donald Trump and household, has made headlines with a $20 million cryptocurrency acquisition, primarily Bitcoin and Ethereum, simply hours earlier than the White Home’s first-ever Crypto Summit scheduled to happen at present.
In line with a 7 March 2025 Bloomberg report, “A digital pockets belonging to World Liberty Monetary added $10.1 million of Ether, $9.9 million of a Bitcoin spinoff referred to as WBTC and $1.68 million of MOVE, a token related to blockchain platform Motion, based on information compiled by analytics agency Nansen.”
The timing of this crypto buy by WLF has sparked hypothesis in regards to the administration’s crypto coverage course. This consists of discussions round a possible US strategic reserve for digital belongings.
The White Home crypto summit is simply hours away!
Here’s a refresher of all of the tokens owned by Trump’s crypto challenge, World Liberty Monetary, which try to be paying shut consideration to. pic.twitter.com/sDIQmeXy0Q
— Miles Deutscher (@milesdeutscher) March 7, 2025
WLF Invests In Bitcoin, Ethereum And MOVE Tokens
In line with blockchain analytics agency Nansen, WLF bought $10.1 million value of Ether (ETH), $9.9 million in Wrapped Bitcoin (WBTC) and $1.68 million in MOVE tokens, related to the Motion Community blockchain platform.
These transactions had been executed by way of a pockets tied to WLF and are available because the Trump administration prepares to unveil its stance on cryptocurrency coverage throughout the summit.
The timing of WLF’s newest crypto funding has raised eyebrows, coinciding with discussions about establishing a US strategic reserve for Bitcoin and different cryptocurrencies on the White Home summit.
One anticipated coverage announcement is the creation of a strategic reserve consisting primarily of Bitcoin alongside different cryptocurrencies.
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Michael Saylor, Brian Armstrong, Brad Garlinghouse Scheduled To Attend Crypto Summit
Trump will host the first-ever White Home Crypto Summit from 6:30 pm to 10:30 pm UTC on 7 March 2025. Studies point out that over 25 company, together with members of the Presidential Working Group on Digital Property, will attend.
Preliminary confirmations within the checklist unveil that Michael Saylor, Government Chairman of Technique, Brian Armstrong, CEO of Coinbase, and Vlad Tenev, CEO of Robinhood, can be attending the occasion.
With Technique’s substantial investments in Bitcoin, Saylor’s involvement is especially vital and displays a robust institutional backing for digital belongings. Armstrong’s and Tenev’s presence follows the current dismissal of the SEC’s instances towards Coinbase and Robinhood.
The checklist additionally consists of Ripple CEO Brad Garlinghouse, an energetic advocate for the trade. He just lately praised the SEC’s fast transfer on the Coinbase case and the way it was undoing the injury of the earlier Gensler administration’s ‘regulation by enforcement’ method.
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Key Takeaways
World Liberty Monetary’s $20 million crypto funding forward of the White Home Crypto Summit underscores its dedication to advancing DeFi whereas elevating questions on its affect on US cryptocurrency coverage.
The timing of WLF’s newest crypto funding has raised eyebrows, coinciding with discussions about establishing a US strategic reserve for Bitcoin and different cryptocurrencies on the White Home summit.
The submit Trump’s World Liberty Invests $9.9M In Bitcoin, $10.1M In Ethereum Hours Earlier than Crypto Summit appeared first on 99Bitcoins.
