- Wall Street executives, regulators, and crypto leaders gathered at Mar-a-Lago for a conference.
- The Trump family’s crypto venture has boosted their wealth by over $1 billion.
- Goldman Sachs CEO David Solomon revealed he owns a small amount of Bitcoin.
Wall Street executives, regulators, and government officials gathered at Mar-a-Lago for a cryptocurrency conference hosted by World Liberty Financial, a digital asset platform backed by the Trump family.
The day-long gathering brought together around 500 participants from across finance, crypto, and government.
Attendees included Goldman Sachs Chief Executive David Solomon, Binance co-founder Changpeng Zhao, Nasdaq Chief Executive Adena Friedman, New York Stock Exchange Group President Lynn Martin, and several current and former financial regulators.
The conference showed a major change in sentiment among traditional financial institutions that previously criticized digital assets. Wall Street leaders who once dismissed crypto as speculative are now seeking more exposure.
Trump Family’s Crypto Venture Expands Rapidly
World Liberty Financial, co-founded by Donald Trump Jr. and Eric Trump, has become a key component of the Trump family’s expanding business interests in digital finance.
The company’s growth has contributed significantly to the family’s rising wealth, which has increased by more than $1 billion from new crypto ventures, according to the Bloomberg Billionaires Index.
A major focus of the firm’s strategy is its USD1 stablecoin, a digital asset designed to maintain a one-to-one value with the US dollar. The token has more than $5 billion in circulation, making it one of the largest stablecoins globally.
The company has also applied for a bank charter and announced plans for a lending platform. Executives have described the token as an upgraded version of the US dollar designed for a digital financial system.
Interestingly, an investment vehicle linked to Abu Dhabi national security adviser Sheikh Tahnoon bin Zayed Al Nahyan purchased a 49% stake in WLFI for $500 million in early 2025.
Wall Street Reconsiders Crypto Strategy
Goldman Sachs CEO David Solomon, who previously described crypto as a speculative investment with limited practical use, disclosed that he now owns a small amount of Bitcoin.
Financial firms are increasingly exploring opportunities tied to digital assets, including crypto listings and blockchain-based financial services.
Industry leaders at the conference discussed collaboration between traditional finance and decentralized finance, often referred to as TradFi and DeFi, as a potential driver of future market development.
Asset managers and hedge fund executives attending the event discussed how established institutions could integrate blockchain infrastructure into existing financial systems while maintaining their competitive position in global markets.
Government officials were also present at the gathering, including leaders connected to agencies responsible for overseeing digital asset markets.
The Trump family has argued that its crypto initiatives aim to modernize financial infrastructure and provide alternatives to traditional banking systems.
Related: Trump Says Family Handled $500M World Liberty Financial Stake Sale
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/finance-giants-and-regulators-gather-at-mar-a-lago-for-world-liberty-forum/
