Donald Trump Jr. Claims Crypto Is Key to American Economic Dominance
Donald Trump Jr. stated at the Ondo Summit in New York City that cryptocurrency could shape the future of American economic dominance. He emphasized the need for a regulatory framework that supports crypto innovation without excessive regulation.
- World Liberty Financial (WLF), backed by the Trump family, purchased Ondo's native cryptocurrency (ONDO) earlier on the same day.
- WLF plans to launch a "strategic reserve" of crypto assets, according to co-founder Chase Herro.
- The project has invested approximately $470,000 in ONDO tokens following Ondo Finance's announcement of Ondo Chain, a new layer-1 blockchain aimed at tokenized assets.
- Trump's social media company indicated plans to introduce exchange-traded funds (ETFs), including one tracking bitcoin (BTC).