The post Trump Jr. Says Trump-Linked World Liberty Financial About To Build a Crypto Reserve appeared first on Coinpedia Fintech News
World Liberty Financial (WLF), a DeFi project connected to Donald Trump’s family, is making a big move in crypto. The company has announced plans to build a large crypto reserve, leaving many wondering what’s next. This news came at the Ondo Summit in New York, where Donald Trump Jr. strongly supported crypto, calling it important for America’s future power.
Trump Jr. Sees Crypto as Key to U.S. Dominance
At the summit, Trump Jr. made a surprise appearance, calling cryptocurrency the “future of American hegemony.” His remarks highlighted his belief that digital assets will be crucial in maintaining the U.S. economy’s strength.
He spoke to industry leaders about the growing influence of crypto and how it could shape global finance.
WLF has been quietly building its crypto portfolio, recently purchasing $470,000 worth of ONDO, the native token of Ondo Finance.
However, the company has also invested in Ethereum (ETH), wrapped Bitcoin (wBTC), Tron (TRX), AAVE, and Chainlink (LINK), showing a broad interest in major blockchain projects.
Strategic Reserve with an Unclear Goal
WLF co-founder Chase Herro shared the company’s vision for a strategic crypto reserve but did not specify its exact purpose. He noted that WLF is committed to supporting blockchain innovation and remains bullish on digital assets.
Perhaps, the idea of a crypto reserve has been in discussion since Trump’s presidential campaign. Earlier this year, Trump signed an executive action to explore the feasibility of such a reserve, fueling speculation about WLF’s potential influence on national crypto policies.
Regulatory Challenges In This Process
The Ondo Summit gathered key figures from both the crypto world and government, including House Financial Services Committee Chair Patrick McHenry and acting Commodity Futures Trading Commission (CFTC) Chair Caroline Pham.
Discussions focused on tokenization, regulation, and the challenges of integrating digital assets into the mainstream financial system.
While WLF has positioned itself as a DeFi lending platform, it has yet to launch operations. For now, its growing crypto portfolio raises questions about its long-term plans and the Trump family’s increasing ties to the digital asset space.