Donald Trump Jr. Advocates for Crypto at Ondo Summit in New York City

New York City, February 6, 2025 — In a notable appearance at the Ondo Summit held in New York City on Thursday, Donald Trump Jr., son of the current U.S. president, expressed his belief in the prospective role of cryptocurrency in maintaining America’s economic dominance. This surprise visit came on the heels of an investment by World Liberty Financial (WLF), a crypto project associated with the Trump family, which acquired a significant number of Ondo’s native cryptocurrency tokens.

Crypto: The Future of American Economic Hegemony

During a discussion at the summit, Trump Jr. articulated his vision for cryptocurrency, claiming it could be integral to the future of American economic supremacy. ‘I think it’s perhaps the future of American hegemony, in terms of our economic status, our economic might,’ he stated, underscoring the potential of digital currencies in shaping economic relations and financial systems.

Furthermore, he emphasized the need for a regulatory framework that allows cryptocurrency to thrive without stifling innovation through overregulation. ‘We do have to create that framework in which [crypto]… is not so over-regulated by people who don’t know what they’re talking about that you lose everything that it stands for,’ Trump Jr. asserted.

World Liberty Financial’s Strategic Moves in Crypto

Chase Herro, co-founder of WLF, was present at the summit, announcing that the project is set to launch a ‘strategic reserve’ of cryptocurrency assets. WLF has garnered attention in recent months for its investments in various tokens, including Ethereum (ETH), wrapped Bitcoin (wBTC), Tron’s TRX, and Chainlink’s LINK.

In a strategic move today, World Liberty Financial invested approximately $470,000 in ONDO tokens right after Ondo Finance disclosed plans for the release of Ondo Chain, a new layer-1 blockchain focused on tokenized assets. Herro remarked, ‘We are big builder fans,’ highlighting the project’s innovative aspirations within the crypto space.

Future Plans for Crypto ETFs

In related developments during the U.S. morning hours, Trump’s social media company announced ambitions to launch a series of exchange-traded funds (ETFs). One of these proposed ETFs, titled the Truth.Fi Bitcoin Plus ETF, would closely track the price of Bitcoin (BTC), reflecting a growing interest in integrating cryptocurrency into mainstream financial products.

Conclusion

Trump Jr.’s remarks at the Ondo Summit reflect a broader trend within political and financial circles that increasingly recognize the potential influence of cryptocurrency on the future economic landscape of the United States. With backing from prominent figures and substantial financial investments, cryptocurrency is poised to play a pivotal role in shaping American economic strategies in the coming years.