Trump-Backed DeFi Project Acquires $20M in Digital Assets Ahead of White House Crypto Summit

# DeFi

# Ethereum

# Ethereum - ETH

Trump-Backed DeFi Project Acquires $20M in Digital Assets Ahead of White House Crypto Summit

World Liberty Financial, a decentralized finance (DeFi) project supported by President Donald Trump's family, purchased over $20 million in digital assets before the White House's inaugural crypto summit on March 7. The project's digital wallet obtained $10.1 million in Ether, $9.9 million in Wrapped Bitcoin, and $1.68 million in Movement Network's MOVE token just days before the event. Despite controversies surrounding token swaps, World Liberty aims to revolutionize DeFi/CeFi and offer crypto holders opportunities without intermediaries. The timing of the acquisition aligns with the anticipated summit, where industry leaders will engage in discussions with President Trump's Working Group on Digital Assets. Speculation suggests the Trump administration may propose establishing a strategic crypto reserve, with Bitcoin potentially playing a significant role. The project's actions and the summit's discussions highlight the evolving landscape of cryptocurrency in government affairs.