PANews reported on February 12 that, according to Cointelegraph, the blockchain platform of US President Donald Trump has launched a strategic reserve fund to support the growth of some of the largest cryptocurrencies. The decentralized finance platform World Liberty Financial (WLFI) has announced a "Macro Strategy" fund, which aims to support Bitcoin, Ethereum and other cryptocurrencies "at the forefront of reshaping global finance".
According to the announcement on February 11, the fund aims to strengthen these projects and expand their role in the evolving financial ecosystem: "We have built a bridge connecting the world of traditional finance and decentralized finance, setting new standards for the industry." The fund aims to ensure a "resilient financial system" by diversifying the assets held on the platform to cover "a range of tokenized assets" and investing in "emerging opportunities in the decentralized finance space" to "enhance stability". According to the announcement, the Trump family's decentralized finance platform will also strive to establish more partnerships with traditional financial institutions, and traditional financial institutions that collaborate with the WLFI's new fund will gain visibility on the public blockchain and innovative marketing opportunities.
Ethereum co-founder and ConsenSys founder Joseph Lubin stated that the outside world had widely speculated that the Trump family would establish a "giant" enterprise on Ethereum three weeks before the Trump family would actually do so. Lubin wrote: "From what I understand, the Trump family will establish one or more giant enterprises on Ethereum. The Trump administration will do things that are beneficial to the US, and this will involve Ethereum." Lubin hinted that the Trump administration may eventually integrate Ethereum technology into government activities, just as the Internet protocol is currently used.
