{"id":624925,"date":"2025-02-07T10:31:19","date_gmt":"2025-02-07T10:31:19","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=624925"},"modified":"2025-02-07T16:32:27","modified_gmt":"2025-02-07T16:32:27","slug":"trump-familys-world-liberty-financial-plans-strategic-reserve-bloomberg","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/trump-familys-world-liberty-financial-plans-strategic-reserve-bloomberg","title":{"rendered":"Trump Family\u2019s World Liberty Financial Plans \u201cStrategic Reserve\u201d – Bloomberg"},"content":{"rendered":"

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 <\/span>Bloomberg<\/span><\/a>.<\/span><\/p>\n

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.<\/p>\n

Herro did not reveal how the reserve would be used and also did not disclose how big it would be. <\/span><\/p>\n

\"World<\/p>\n

World Liberty Financial Buys Nearly $500K Worth Of ONDO<\/span><\/h2>\n

On the same day as the event, World Liberty bought $470,000 worth of Ondo Finance’s native ONDO token.<\/span><\/p>\n

The <\/span>Trump<\/span><\/a> 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.<\/span><\/p>\n

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

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.<\/span><\/p>\n

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

— Bitcoin Archive (@BTC_Archive) February 4, 2025<\/a><\/p><\/blockquote>\n