Odaily News Since World Liberty (WLFI) was launched last October, market observers have raised questions about possible conflicts of interest for the Trump family, given the Trump administration’s overwhelming influence over regulation. Normally, promises of investment returns, first hinted at by Eric Trump, the second son of Trump, could draw scrutiny from regulators such as the U.S. Securities and Exchange Commission, which typically considers an asset an indication of a security that it should regulate.
Ryne Miller, partner at Lowenstein Sandler LLP and former general counsel for the U.S. division of bankrupt cryptocurrency exchange FTX, said: "We are still exploring new models for the future intersection of cryptocurrency and securities law. What remains unchanged is that regulators will expect transparency and disclosure and will continue to be very aggressive when they suspect fraud or other similar misconduct. What we do hope to change is that good-faith statements and actions about cryptocurrency projects will not immediately escalate into the risk of SEC enforcement investigations, which is a welcome change."
According to blockchain data analysis company Nansen, World Liberty's digital wallets had a net inflow of about 21,177 ETH on Monday, worth about $55 million, a figure that includes both purchases and conversions of ETH derivatives into cryptocurrencies. Nansen also estimated that World Liberty's digital wallets received a total of about $340 million worth of ETH net inflows between January 18 and February 1, before the funds were sent to Coinbase Prime's wallets.
WLFI said: "We are making daily moves of crypto assets in accordance with regular financial management to pay fees and expenses and to meet liquidity needs. To be clear, we are not selling tokens - we are simply reallocating assets for daily business purposes." (Bloomberg)
Earlier news, Trump's second son Eric Trump said on X that now is a great time to increase holdings of ETH (In my opinion, it'sa great time to add ETH.).