Trump Jr. Declares Crypto the New Weapon for U.S. Economic Hegemony
During an unexpected appearance at the Ondo Summit in New York City on Thursday, Donald Trump Jr. said: “I think this is perhaps the future of American hegemony, in terms of our economic status. , our economic power.”
“We really have to create this framework, in which I think it’s the future of finance, where we can play, there are frameworks that understand and don’t know what they are saying because you lose everything it represents .”
The summit saw the announcement of the World Free Finance (WLF), a crypto project backed by the Trump family, which recently invested in Ondo Finance’s local cryptocurrency. The move shows that the Trump family is committed to expanding their presence in the cryptocurrency space.
In addition, WLF has recently invested in various cryptocurrencies including Ethereum, Bitcoin, and purchased Ondo tokens worth approximately $470,000. As part of a broader strategy, the company is preparing to launch “Ondo Chain,” a one-layer blockchain designed specifically for tokenized assets.
WLF co-founder Chase Herro also shared exciting developments, including plans to launch a “strategic reserve” of crypto assets. The reserve will provide further liquidity and support for the crypto ecosystem, providing investors with more diverse market opportunities.
This focus on cryptocurrencies coincides with TMTG’s plan to launch Bitcoin-backed ETFs, called Truth.fi Bitcoin Plus ETF, which demonstrates their interest in traditional and digital asset investments.
