Trump WLFI "Movement of Held Cryptocurrencies for Asset Reallocation, Not Sale"
JH Kim
Summary
- The Trump family's WLFI stated that the movement of cryptocurrencies is for asset reallocation, not a sale.
- It was revealed that the purpose is to pay fees and expenses and to procure operating costs as part of "regular financial management."
- The asset movement is according to operational purposes and not a sale of cryptocurrencies.
The Trump family's DeFi project, World Liberty Financial (WLFI), announced on the 3rd (local time) via their official X (formerly Twitter) that they are moving held cryptocurrencies as part of regular financial management. They stated, "This is a measure for paying fees and expenses, and for procuring operating costs."
They added, "We are not selling tokens but merely reallocating assets according to operational purposes."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.