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Trump WLFI "Movement of Held Cryptocurrencies for Asset Reallocation, Not Sale"

Source
JH Kim
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  • The Trump family's WLFI stated that the movement of cryptocurrencies is for asset reallocation, not a sale.
  • It was revealed that the purpose is to pay fees and expenses and to procure operating costs as part of "regular financial management."
  • The asset movement is according to operational purposes and not a sale of cryptocurrencies.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

The Trump family's DeFi project, World Liberty Financial (WLFI), announced on the 3rd (local time) via their official X (formerly Twitter) that they are moving held cryptocurrencies as part of regular financial management. They stated, "This is a measure for paying fees and expenses, and for procuring operating costs."

They added, "We are not selling tokens but merely reallocating assets according to operational purposes."

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