An SEC filing from August 25 shows that Eric Trump was quietly removed from his prior role as board director for digital asset technology firm Alt5 Sigma Corporation (Nasdaq: ALTS). The 41-year-old Trump will now act as an “observer” who can still participate in the firm’s board meetings but cannot vote.

Alt5 made headlines last month after nominating Trump to its board and raising $1.5 billion to purchase 7.5% of all World Liberty Financial Inc. (WLFI) tokens in existence. Shortly afterwards, both Eric and his brother Donald Trump Jr., rang the Nasdaq opening bell to celebrate Alt5’s WLFI treasury strategy.

But according to Forbes, a review by the Nasdaq exchange revealed that Eric Trump’s board nomination was in violation of listing rules, prompting Tuesday’s move to demote him from board member to observer. That said, the WLFI co-founder says he hasn’t skipped a beat, and will continue supporting Alt5 despite the compliance snafu.

“I am 1000% committed to @worldlibertyfi – we are redefining the future of finance and there are very few projects more exciting with more potential growth,” Trump wrote on X. “I’m all in!”

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