Trump Family Hosts Crypto Conference for Wall Street Executives
The Trump family hosted a cryptocurrency conference attended by Wall Street executives and government officials. The event signals that digital assets are becoming a significant focus for both policy and profit within the former president's circle.
- The conference, called the World Liberty Forum, was organized by World Liberty Financial, a crypto venture co-founded by Donald Trump Jr. and Eric Trump. - Notable attendees included Goldman Sachs CEO David Solomon, who revealed he now owns Bitcoin, NYSE President Lynn Martin, and Nasdaq CEO Adena Friedman. - The event showcased the family's stablecoin, USD1, which has surpassed $5 billion in circulation, making it the fifth-largest stablecoin globally. - This pro-crypto stance marks a sharp reversal from 2019, when Donald Trump stated he was "not a fan of Bitcoin and other Cryptocurrencies," viewing their value as "based on thin air." - At the forum, the company announced a partnership with Securitize to tokenize revenue streams from a future Trump-branded resort being developed in the Maldives. - Barron Trump, 19, is reportedly a key figure in the family's crypto operations, having introduced his father to the technology and holding a significant stake in World Liberty Financial. - During his 2024 campaign, Trump accepted cryptocurrency donations and promised to create a "national Bitcoin stockpile" and end what he called the "un-American Crypto crackdown." - The administration has already signaled a shift in regulatory attitudes, signing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law in July 2025 to create a federal framework for stablecoins.
