After Donald Trump took office as the 47th president of the United States, cryptocurrency project World Liberty Financial (WLFI) purchased many altcoins, including Bitcoin (BTC) and Ethereum (ETH).
Trump’s ETH exposure has also increased significantly, with Ethereum co-founder and Consensys founder Joseph Lubin claiming that the Trump family is planning to build one or more large-scale businesses on the Ethereum blockchain.
Joseph Lubin, in his post from his X account, said that the Trump administration could integrate Ethereum technology into government activities.
“As far as I know, Trump and his family will build one or more giant businesses on Ethereum.
The Trump administration will do what is in the interest of the United States, and that includes ETH.
They will also do good things on and for other chains like Bitcoin and Solana.”
Noting that World Liberty Financial is fully aligned with Ethereum's vision, Lubin explained that the Trump administration may seek to incorporate Ethereum's technology into government activities, just as internet and web protocols are used today.
According to Lubin, the United States could benefit from supporting Ethereum’s ecosystem to drive innovation and economic growth.
Donald Trump, who was sworn into office on Monday, announced that his project, World Liberty Financial, has purchased large amounts of altcoins including Ethereum (ETH), Wrapped Bitcoin (wBTC), AAVE, Chainlink (LINK), Tron (TRX) and ENA.
*This is not investment advice.
