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That this is the United States' first crypto presidency should have, by now, become obvious to even the most hands-off members of the polity. After all, just over the past 72 hours or so, we have seen the launch of the $TRUMP and $MELANIA meme coins, as well as hefty Bitcoin and Ethereum purchases by a Trump-controlled entity, World Liberty Financial. Now, that same entity has made history by formally staking some of its Ethereum holdings, that too at a time that coincides with Trump's inauguration.
For the benefit of those who might not be aware, World Liberty Financial is a Decentralized Finance (DeFi) platform that aims to bring crypto-financial services to the masses. Currently, the platform allows users to borrow against their crypto holdings or, alternatively, earn interest by lending through various supported DeFi protocols, including AAVE and LINK. World Liberty Financial describes its relationship with Donald Trump in following words:
DT Marks DEFI LLC, an entity affiliated with Donald J. Trump and certain of his family members, own approximately 60% of the equity interests in WLF Holdco LLC, which holds the only membership interest in World Liberty Financial, Inc.
$WLFI is World Liberty Financial's governance token, and is inherently non-transferable, rendering its free trade quite difficult. Trump and his family members receive around 75 percent of the fees generated from the sale of $WLFI tokens.
Trump's DeFi Project Buys 50k ETH for ~$160M in Three Days. https://t.co/SZl970uX0Y pic.twitter.com/yIKdN08r8q
— matthew sigel, recovering CFA (@matthew_sigel) January 20, 2025
This brings us to the crux of the matter. Over the past three days, Trump's World Liberty Financial purchased around 50,000 Ether coins for ~$160 million. The DeFi platform also recently bought Bitcoin worth $4.69 million. Additionally, World Liberty Financial is reportedly also considering the acquisition of TRON's TRX tokens for its treasury.
Donald Trump is starting to stake his ETH
Let me say that again....
The President of the USA is staking ETH pic.twitter.com/jRPwpiuuwz
— eric.eth (@econoar) January 20, 2025
However, in what constitutes crème de la crème of World Liberty Financial's recent crypto-related moves, the protocol just began staking its ETH stash! Yes, you read that correctly: Trump will now directly benefit from the authentication of transactions on the Ethereum protocol!
Meanwhile, the $TRUMP meme coin has been unable to recover the losses sustained in the aftermath of the surprise launch of the $MELANIA coin. Over the past 24 hours, $TRUMP is down around 16 percent. Nonetheless, the fully-diluted value of Trump's meme coin still stands at an astounding $36 billion.
About the author: Writing is my one incontrovertible passion. Over the past six years, he has authored over 2,200 distinct articles on financial and tech-related topics, spanning nearly 1 million words. And he has been a member of Wcctech mobile team since 2025. As an alumnus of the University of Toronto, Rotman Commerce Program, I bring nuance, in-depth knowledge, and a unique perspective to every topic that I cover. When I'm not writing, I'm traveling the world, exploring hidden confectionaries and restaurants as an aspiring food connoisseur.
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