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Trump family crypto project WLFI plans to create a 'strategic reserve' with purchased tokens

Internet reports that Chase Herro, co-founder of U.S. President Trump's DeFi project World Liberty Financial (WLFI), said the platform plans to create a "strategic reserve" with purchased tokens. Herro did not specify what World Liberty's goals were for holding the token reserve. The topic has attracted much attention since Trump promised to create a token reserve during last year's campaign. Last month, he signed an executive order calling for an evaluation of the feasibility of creating a digital asset reserve. Donald Trump Jr. appeared at the Ondo Summit at the Jazz Hall at Lincoln Center on Thursday, the president's latest move to show support for the digital asset industry. Although World Liberty is billed as a DeFi lending platform, it has not yet started operations. So far, the project has been known for purchasing niche tokens.

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