The post Trump Family To Build Businesses on Ethereum, Lubin says ‘World Liberty Financial is 100% Ethereum aligned’ appeared first on Coinpedia Fintech News
Following Donald Trump’s 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 States’ 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 Ethereum’s vision, and the Trump administration may look for ways to incorporate Ethereum’s 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 Ethereum’s 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 Ethereum’s future, as prominent figures like Trump’s family continue to show their confidence in the technology.