The Trump family’s foray into cryptocurrency is making headlines yet again, with significant implications for Wall Street and the digital asset market. World Liberty Financial, launched by the Trump family in September, has announced a groundbreaking agreement that will see ALT5 Sigma, a publicly traded fintech company, acquire up to $1.5 billion (about €1.43 billion) of the family’s proprietary cryptocurrency, $WLFI.
This monumental deal highlights a closer connection between the Trump family’s business dealings and President Donald Trump’s favorable stance on cryptocurrency. Nevertheless, it raises questions concerning the ethics and legality of such a crossover.
Documents filed with the Securities and Exchange Commission reveal that ALT5 Sigma intends to divest $1.5 billion (approximately €1.43 billion) of its shares to facilitate the purchase of the $WLFI token, which will be added to its corporate balance sheet. In an interesting twist, notable allies of the Trump family will join ALT5’s board, with Eric Trump taking on a board member role and Zach Witkoff, a co-founder of World Liberty, becoming the new chairman.
Witkoff enthusiastically remarked on social media, celebrating this “historic milestone” alongside ALT5 Sigma.
Another historic milestone for @worldlibertyfi with @ALT5_Sigma $ALTS announcing plans for a major $WLFI treasury strategy. Thrilled to be joining the board as Chairman working alongside @EricTrump @zakfolkman. @MatthewMorgan23 @WatcherChase
— Zach Witkoff (@ZachWitkoff) August 11, 2025
Eric Trump shared similar enthusiasm: “Joining the Board of ALT5 Sigma is incredibly exciting. My brother Donald and I are deeply committed to the company’s innovative direction.”
Breaking: I am excited to join the Board of ALT5 Sigma and help lead the way in revolutionizing the digital asset space! @DonaldJTrumpJr and I are deeply committed to the success of this company and its innovative approach. $ALTS pic.twitter.com/iXQ91xKa48
— Eric Trump (@EricTrump) August 12, 2025
The Rise of Corporate Crypto Treasuries
This move represents a unique twist on the emerging trend of corporate treasury strategies in the cryptocurrency space. Essentially, a crypto treasury is when a company opts to hold digital assets instead of traditional fiat currencies. Imagine if a tech giant like Apple decided to keep billions in Bitcoin instead of cash—that would be a Bitcoin treasury strategy.
Such strategies have evolved within a broader context known as decentralized finance (DeFi), where companies can raise funds, manage investments, and handle assets entirely within blockchain ecosystems, bypassing traditional financial institutions. These assets can be “programmable,” allowing for built-in rules, instant traceability, and theoretically easier tradeability.
MicroStrategy, a company recently renamed “Strategy,” is a prime example of this trend, transforming itself from a software provider into a significant Bitcoin holding entity. While some view this as a visionary move, others, like respected short-seller Jim Chanos, argue it borders on recklessness.
The ALT5 Sigma deal elevates the treasury strategy further. Rather than investing in established cryptocurrencies like Bitcoin, ALT5 plans to purchase a new, proprietary token controlled by the First Family.
Serious Ethical Considerations
The Trump administration has actively advocated for pro-crypto policies, including legislation like the “Genius Act,” which aims to provide regulatory clarity. There’s also been an executive order facilitating crypto investments within 401(k) retirement accounts, showcasing a shift from caution to active endorsement of digital currencies.
This scenario has raised red flags among critics, who suggest that a potential conflict of interest looms large. The administration’s policies may be creating a more profitable market for the very products owned by Trump’s family. According to his June 2025 ethics disclosure, Trump reported earnings of $57.4 million (around €54.8 million) stemming from his investment in tokens associated with World Liberty Financial.
Additionally, the family’s crypto portfolio features the $TRUMP meme coin, which, while unofficially linked, has led to substantial value directly tied to Trump’s brand. Currently, they are mobilizing efforts to broaden the adoption of their proprietary token.
Eric Trump noted, “The WLFI community has voted overwhelmingly in favor of making the token tradable, and our team is diligently working to expedite this process. We anticipate $WLFI will soon be traded across major centralized and decentralized exchanges.”
Once tradable, we expect that the WLFI token will soon become available on all major centralized exchanges as well as decentralized exchanges. WLFI is setting the stage for global governance accessibility and liquidity.
— Eric Trump (@EricTrump) August 12, 2025
Key Takeaways
While it’s a known fact that cryptocurrencies can sometimes be utilized for illicit purposes, the Trump administration’s proactive embrace of these digital assets—especially in conjunction with family-run firms like World Liberty Financial—has opened doors for corporate America to dive deeper into the cryptocurrency arena. The pressing question remains whether this blending of politics, policy, and profit can be both legal and sustainable, or if it portends one of the most significant financial busts in history.
Curious to learn more about the evolving landscape of cryptocurrency and its intersection with corporate America? Check out additional insights at Moyens I/O.