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Feb 7, 2025

Donald Trump Jr. Claims Crypto Is Key to American Economic Dominance

1 min

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).