- World Liberty Financial announces a strategic crypto reserve, purchasing $470K in ONDO and other tokens.
- Donald Trump Jr. supports the move, calling crypto “the future of American hegemony.”
World Liberty Financial (WLFI), a decentralized finance project with ties to Donald Trump’s family, is making waves in the crypto world. At the Ondo Summit in New York, WLFI revealed plans to build a strategic reserve of cryptocurrency assets, backed by a surprise appearance from Donald Trump Jr.
He didn’t hold back, calling crypto the key to America’s future economic power. Alongside this bold vision, WLF has been busy snapping up digital tokens like Ethereum, Bitcoin, and ONDO, signalling its growing influence in the space.
Crypto and the Future of U.S. Economic Power
At the Ondo Summit, Donald Trump Jr. made a surprise appearance, declaring that cryptocurrency is key to maintaining America’s global economic dominance. “I think it’s perhaps the future of American hegemony,” he said, highlighting the growing importance of digital assets in financial markets.
WLFI co-founder Chase Herro revealed that the company has been actively investing in digital tokens, including $470,000 worth of ONDO, the native cryptocurrency of Ondo Finance. Other acquisitions include Ethereum, Tron’s TRX, AAVE, and Chainlink’s LINK. Herro described WLFI as “big builder fans,” signalling their commitment to the crypto space.
The idea of a national cryptocurrency reserve has been a topic of discussion since Trump’s presidential campaign. Earlier this year, he signed an executive action to explore the feasibility of such a reserve, sparking speculation about WLFI’s potential role in shaping U.S. crypto policy.
Industry Leaders Weigh In
The Ondo Summit brought together key figures from the crypto industry and government, including Patrick McHenry, Chair of the House Financial Services Committee, and acting CFTC Chair Caroline Pham. Discussions focused on tokenization, regulatory challenges, and the future of digital finance.
Former CFTC Chair J. Christopher Giancarlo praised the current administration’s approach to crypto regulation, noting that progress is being made. However, William Hinman of Andreessen Horowitz cautioned that regulatory changes will take time, emphasizing the need for patience.
WLFI has continued to expand its crypto portfolio, recently acquiring millions of dollars worth of ETH following a market dip. Despite being promoted as a DeFi lending platform, WLF has yet to launch its operations, raising questions about its long-term goals and potential conflicts of interest due to the Trump family’s involvement.