Eric Trump, the son of former US President Donald Trump, is stepping back from his position on the board of directors at ALT5 Sigma, a fintech company focused on crypto infrastructure. This decision follows a deal with World Liberty Financial, which resulted in Trump being reclassified as a board observer instead of a full member. The adjustment aims to meet Nasdaq's listing rules and is pending approval from shareholders. Initially, Trump joined ALT5 Sigma's board as part of a $1.5 billion agreement with World Liberty Financial, which also involved the acquisition of WLFI tokens and shares. ALT5 Sigma had previously undergone a rebranding from a biotech company to concentrate on digital assets. The company's involvement in crypto ventures is significant, particularly in light of increasing scrutiny and regulatory concerns affecting the crypto market.

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