Trump’s World Liberty Financial buys $775K in SEI in altcoin buying spree

Quick Summary:

At an April 2 US House Financial Services Committee hearing on stablecoin legislation, Democratic Representative Maxine Waters suggested President Trump may be ultimately planning to use USD1 to replace the US dollar.“Trump likely wants the entire government to use stablecoins, from payments made by the Department of Housing and Urban Development to Social Security payments to paying taxes.

Related: Democrats slam DOJ’s ‘grave mistake’ in disbanding crypto crime unitWLFI’s USD1 logo appears on major exchangesMeanwhile, an icon for WLFI’s stablecoin, USD1, has appeared on Coinbase, Binance and the crypto aggregator website CoinMarketCap in what appears to be the coin’s unofficial logo unveiling. WLFI has made no official announcement about USD1’s logo.

The Trump family-backed crypto project World Liberty Financial (WLFI) has added 4.89 million SEI tokens valued at $775,000 to its portfolio, according to onchain data.

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Article Details

Author / Journalist: Cointelegraph by Jody McDonald

Category: Crypto

Markets: United States

Topics: Trump Data Altcoins Crypto Wlfi Portfolio Blockchain According April Million Made

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-14 @ 03:46:36 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 479 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27854591

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