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๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- Jan 22, 2025 15:59 UTC
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Trump Family To Build Businesses on Ethereum, Lubin says ‘World Liberty Financial is 100% Ethereum aligned’
Trump family invests $47M in Ethereum, Bitcoin & more, signaling major blockchain shift for U.S. economy.
Joseph Lubin reveals Trump plans to build big businesses on Ethereum, boosting blockchain adoption for future growth.
Following Donald Trumpโs inauguration as the 47th president of the United States, his company, World Liberty Financial, has dramatically increased its exposure to Ethereum (ETH) in just the past 24 hours. Ethereum co-founder Joseph Lubin reacted to this move, stating that the Trump family plans to build one or more large-scale businesses on the Ethereum blockchain. Lubin said that Ethereum, as the largest and most capable decentralized protocol, will play a crucial role in the future of the United Statesโ tech landscape.
Based on what I am aware of, the Trump family will build one or more giant businesses on Ethereum. And they will also do things on and for other chains like Bitcoin and Solana,
He Wrote.
Lubin went on to explain that World Liberty Financial is fully aligned with Ethereumโs vision, and the Trump administration may look for ways to incorporate Ethereumโs technology into government activities, much like how the internet and web protocols are used today. According to Lubin, the U.S. can benefit from supporting Ethereumโs ecosystem to drive innovation and economic growth.
In a tweet celebrating the inauguration, Donald Trump Jr. revealed that World Liberty Financial made major crypto purchases, including $47 million worth of Ethereum (ETH), wrapped Bitcoin (wBTC), AAVE, Chainlink (LINK), TRON, and ENA. These purchases reflect the Trump family’s strategic focus on solid blockchain projects that solve real-world problems, contrasting sharply with the retail frenzy around meme coins.
This latest development is seen as a bullish sign for Ethereumโs future, as prominent figures like Trumpโs family continue to show their confidence in the technology.
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