PANews reported on February 12 that according to Cointelegraph, US President Donald Trump's blockchain platform launched a strategic reserve fund to support the growth of some of the largest cryptocurrencies. The decentralized financial platform World Liberty Financial (WLFI) announced the "Macro Strategy" fund, which aims to support Bitcoin, Ethereum and other cryptocurrencies that are "at the forefront of reshaping global finance."
According to the Feb. 11 announcement, the fund aims to strengthen these projects and expand their role in the evolving financial ecosystem: “Together, we have built a bridge that connects the worlds of traditional finance and decentralized finance, setting a new standard for the industry.” The fund aims to “enhance stability” by diversifying the assets held by the platform to cover “a range of tokenized assets” to ensure a “resilient financial system” and invest in “emerging opportunities in the decentralized finance space.” 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 work with the new WLFI fund will gain visibility on public blockchains and innovative marketing opportunities.
Ethereum co-founder and Consensys founder Joseph Lubin said that three weeks before the Trump family would start a "giant" business on Ethereum, it was widely speculated that the Trump family would start a "giant" business on Ethereum. Lubin wrote: "From what I understand, the Trump family will build one or more giant businesses on Ethereum. The Trump Administration will do what is good for the United States, and it will involve Ethereum." Lubin hinted that the Trump administration may eventually integrate Ethereum technology into government activities, just as it currently uses the Internet protocol.
