Donald Trump Jr. Calls Crypto the Future of American Dominance

Crypto will be a significant factor in determining America's economic dominance in the world, according to Donald Trump Jr.

Donald Trump Jr. believes that cryptocurrency will play a crucial role in determining America’s future economic dominance globally. On Thursday, he shared his thoughts on the industry’s potential to strengthen the nation’s financial standing at the Ondo Summit in New York City.

“I do think it might be the future of American hegemony, in terms of our economic power and strength,” Trump’s son stated. He sees cryptocurrency as a force that could propel the United States to continue leading the world economy, rather than just an instrument of finance.

The nation’s financial leadership has always been a key aspect of its power, he said, and cryptocurrency could be the next stage of that development.

Trump Jr. made an unannounced visit to the event after World Liberty Financial (WLF), a crypto initiative backed by the Trump family, purchased Ondo’s native crypto (ONDO) earlier in the day. His attendance highlighted the growing interest of prominent business and political figures in the cryptocurrency sector.

The Trump family’s increasing involvement in digital assets signals a deeper commitment to the industry’s expansion.

“We do need to establish that framework where [crypto], which I think is the financial future, can be played in and where people understand what it is without overregulating it to the point where you lose everything it stands for,” he stated.

Trump Jr. highlighted the importance of establishing laws that foster innovation rather than stifling it. He warned that overzealous regulation by lawmakers who are not familiar with cryptocurrency could cripple its potential.

Instead, he called for a system that protects investors while allowing businesses to expand and innovate. Many prominent figures in the business have called for a more transparent legal framework on the much-discussed topic of crypto regulation.

World Liberty Financial Expands Crypto Investments

Taking the stage, Chase Herro, a co-founder of WLF, announced that the company will soon be introducing a “strategic reserve” of cryptocurrency assets.

“All of us are great builder supporters,” he stated, emphasizing WLF’s commitment to continuous development in the cryptocurrency market.

Recently, WLF’s investments in a range of digital assets have attracted media attention. AAVE, Chainlink’s LINK, Tron’s TRX, wrapped Bitcoin, and Ethereum are all part of its portfolio.

Following Ondo Finance’s announcement of its intentions for Ondo Chain, an innovative layer-1 blockchain intended for tokenized assets, the company today purchased approximately $470,000 amount of ONDO tokens.

Trump’s Social Media Company Eyes Bitcoin ETF

Trump Jr.’s interest in crypto extends beyond the realm of investments. Earlier in the day, his social media firm revealed that it would be launching a number of exchange-traded funds (ETFs).

An ETF that tracks the price of bitcoin (BTC) is the Truth.Fi Bitcoin Plus ETF. This move contributes to a broader trend of financial solutions converging with digital assets.

If approved, the ETF could bring Bitcoin to a broader audience by attracting more conventional investors to the digital asset.