U.S. crypto politics Archives - Coin Engineer https://coinengineer.net/blog/tag/u-s-crypto-politics/ Btc, Coins, Pre-Sale, DeFi, NFT Mon, 14 Apr 2025 08:23:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png U.S. crypto politics Archives - Coin Engineer https://coinengineer.net/blog/tag/u-s-crypto-politics/ 32 32 Trump-Backed WLFI Buys $775K in SEI! https://coinengineer.net/blog/trump-backed-wlfi-buys-775k-in-sei/ https://coinengineer.net/blog/trump-backed-wlfi-buys-775k-in-sei/#respond Mon, 14 Apr 2025 09:00:43 +0000 https://coinengineer.net/blog/?p=40167 The Trump family-backed crypto initiative World Liberty Financial (WLFI) has added 4.89 million SEI tokens worth $775,000 to its growing portfolio, according to onchain data. The purchase was executed on April 12 via one of WLFI’s trading wallets, funded by USDC transferred from its main treasury wallet, as per Arkham Intelligence. This wallet had previously

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]]> The Trump family-backed crypto initiative World Liberty Financial (WLFI) has added 4.89 million SEI tokens worth $775,000 to its growing portfolio, according to onchain data. The purchase was executed on April 12 via one of WLFI’s trading wallets, funded by USDC transferred from its main treasury wallet, as per Arkham Intelligence. This wallet had previously been used for accumulating multiple altcoins.

WLFI’s current portfolio includes Bitcoin (BTC), Ethereum (ETH), as well as several altcoins such as Tron (TRX), Ondo Finance (ONDO), Avalanche (AVAX) and now Sei (SEI).

$347M Invested, Yet No Profits Recorded

According to blockchain analytics platform Lookonchain, WLFI has spent a total of $346.8 million across 11 tokens, with no profits reported on any of them. Its Ethereum holdings alone are down over $114 million, and the overall portfolio has an unrealized loss of $145.8 million.

WLFI

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

USD1 Logo Goes Live, Lawmakers Voice Alarm!

In a surprising move, WLFI’s stablecoin USD1 logo has been spotted on Coinbase, Binance, and CoinMarketCap, though no official announcement has been made. This has sparked political backlash.

At an April 2 U.S. House Financial Services Committee hearing, Representative Maxine Waters accused former President Trump of planning to replace the U.S. dollar with his own stablecoin. Committee Chair French Hill echoed the concern, warning of potential conflicts of interest.

The Trump family’s crypto involvement is not new. On February 3, Eric Trump urged followers to buy ETH, calling it “a great time.” Since then, Ethereum’s price has plunged 55%, dropping from $2,879 to around $1,611.

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