Trump's World Liberty Financial Plans Strategic Crypto Reserve

Trump Family’s World Liberty Financial Plans “Strategic Reserve” – Bloomberg

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Updated: 07 February 2025

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World Liberty Financial (WLF), the decentralized finance platform owned by the Trump family, has unveiled plans to establish a “strategic reserve” with cryptocurrencies it accumulates, according to Bloomberg.

The announcement was made by World Liberty’s co-founder Chase Herro, who sat alongside Donald Trump Jr. at the Ondo Summit in New York on February 7 to discuss the platform’s future direction.

Herro did not reveal how the reserve would be used and also did not disclose how big it would be.

World Liberty Financial Buys Nearly $500K Worth Of ONDO

On the same day as the event, World Liberty bought $470,000 worth of Ondo Finance’s native ONDO token.

The Trump family’s platform currently holds around $35 million in various cryptos. World Liberty’s treasury was reduced by 90% after the platform’s team moved several million dollars worth of tokens, including Aave (AAVE), Ethena (ENA), Ethereum (ETH), Chainlink (LINK) and Wrapped Bitcoin (WBTC), at the start of the week.

World Liberty’s plans to create a crypto reserve comes after US President Donald Trump’s crypto czar David Sacks outlined the administration’s pro-crypto agenda earlier this week.

Part of the Trump administration’s plan is to create a strategic Bitcoin reserve, which is something Trump promised he would do during his campaign if he was re-elected.

JUST IN: Crypto Tsar David Sacks says a Bitcoin Reserve is “one of the first things” he will look into. pic.twitter.com/XxChGlc8EY

— Bitcoin Archive (@BTC_Archive) February 4, 2025

Trump’s Crypto Ventures Present Conflict Of Interest

President Trump has embraced a pro-crypto stance. Not only does he have ties to WLF, he also launched his own meme coin, Official Trump (TRUMP), on Jan. 18, just two days before his inauguration.

Looking to repeat this success, Trump’s team went on to launch the Official Melania Meme (MELANIA), meme coin, named after the First Lady, shortly after TRUMP’s debut.

Trump’s involvement in crypto has triggered concerns about potential conflicts of interest. Speaking to CoinTelegraph Magazine, Charlyn Ho from US-based firm Rikka, said that Trump’s crypto ventures present “significant conflict of interest issues,” because Trump has substantial influence over crypto policy.