Trump-linked crypto project buys $55 million in Ether after market crash
World Liberty Financial, linked to Donald Trump’s family, reportedly purchased around $55 million worth of Ether after a recent crash in crypto markets. This follows a brief tariff imposition by the U.S. president on Mexico and Canada. Eric Trump suggested on social media that it was a good time to invest in Ether, although he later edited his post. The Trump family's involvement in crypto has raised concerns about potential conflicts of interest regarding regulations. World Liberty's digital wallets saw significant inflows of Ether, totaling about $340 million recently. The project, which has not yet launched, is positioned as a decentralized finance platform and has faced scrutiny over its promotional activities.