ALT5 Sigma Overhauls Leadership Amid WLFI Token Ties

ALT5 Sigma, a cryptocurrency treasury firm with connections to U.S. President Donald Trump through its holdings of World Liberty Financial (WLFI) tokens, has replaced two senior executives as part of an internal restructuring.

The company filed a disclosure with the Securities and Exchange Commission (SEC) announcing that CEO Jonathan Hugh and Chief Operating Officer Ron Pitters are departing. Tony Isaac, ALT5 Sigma’s president and a board member, has been appointed as acting CEO while the firm finalizes the terms of Hugh’s separation. The filings indicate the departures are “without cause.”

Background on ALT5 Sigma and WLFI Exposure

ALT5 Sigma operates as a digital asset treasury management company, focusing on acquiring and holding cryptocurrencies as core reserves. The firm’s portfolio includes tokens from World Liberty Financial (WLFI), a decentralized finance platform associated with the Trump family. WLFI, which debuted in September 2024, has faced regulatory scrutiny and market volatility since launch.

The leadership changes come at a time when WLFI’s token has traded below its initial $0.31 high, currently around $0.158. ALT5 Sigma’s strategy of holding such assets has drawn attention amid broader questions about the regulatory treatment of crypto treasury positions.

Company Statement and Next Steps

ALT5 Sigma did not provide additional details on the reasons for the executive changes beyond the SEC filing. The company confirmed Isaac’s interim role and stated it is working amicably with Hugh on his departure terms. No timeline was given for a permanent CEO appointment.

Cointelegraph reached out to ALT5 Sigma for comment but did not receive a response by publication time.

Implications for Crypto Treasury Firms

The shakeup at ALT5 Sigma highlights ongoing challenges for companies managing crypto as treasury assets, including regulatory uncertainty and market volatility. As more firms adopt Bitcoin and altcoin holding strategies, executive transitions in this space often coincide with strategic pivots or compliance adjustments.

In summary, ALT5 Sigma has replaced its CEO and COO with Tony Isaac as acting CEO, effective immediately, according to an SEC filing on November 27, 2025. The firm, which holds WLFI tokens linked to the Trump family, described the departures as “without cause” and is finalizing terms with outgoing CEO Jonathan Hugh.