Donald Trump Jr. Believes Crypto to Be the Future of American Dominance

"I think it's perhaps the future of American hegemony, in terms of our economic status, our economic might," Trump Jr. said.

Donald Trump Jr. believes that cryptocurrency could be the key to maintaining America's economic dominance in the future, according to remarks he made on Thursday at the Ondo Summit in New York City.

"I think it's maybe the future of American hegemony, in terms of our economic standing, our economic power," Trump Jr. said.

The son of the former U.S. president made an unannounced appearance at the event after World Liberty Financial (WLF), a crypto project backed by the Trump family, purchased Ondo's native cryptocurrency (ONDO) earlier in the day.

"We do have to create that framework in which [crypto], which I believe to be the future of finance, where we can participate, where there is an understanding of what that is but also where it's 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. said.

Chase Herro, co-founder of World Liberty Financial, also announced that the protocol will soon launch a "strategic reserve" of crypto assets. "We are big builder fans."

Over the past several months, WLF has made headlines for its investments in a wide range of tokens, including ETH, wrapped BTC, Tron's TRX, AAVE, and Chainlink's LINK.

Following Ondo Finance's announcement of plans to launch Ondo Chain, a layer-1 blockchain designed for tokenized assets, WLF purchased approximately $470,000 in ONDO tokens on Thursday.

During U.S. morning hours, Trump's social media company announced that it will be launching a series of exchange-traded funds (ETFs), including one that will track the price of bitcoin (BTC) called the Truth.Fi Bitcoin Plus ETF.