Regulation
Trump’s Crypto Project Appears to Buy Tokens Before White House Summit
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President Donald Trump’s decentralized-finance project World Liberty Financial appears to have bought more than $20 million worth of cryptocurrencies including Ether two days before executives at major digital-asset companies are set to visit the White House to discuss crypto policy.
A digital wallet belonging to World Liberty Financial added $10.1 million of Ether, $9.9 million of a Bitcoin derivative called WBTC and $1.68 million of MOVE, a token associated with blockchain platform Movement, according to data compiled by analytics firm Nansen. Representatives for World Liberty did not immediately respond to requests for comment. The moves were reported earlier by The Block.