News View Non-AMP

Crypto News Today: Trump Jr. Declares Crypto the New Weapon for U.S. Economic Hegemony

Published by
Anjali Belgaumkar

During a surprise appearance at the Ondo Summit in New York City on Thursday, Donald Trump Jr. shared his strong belief in the future of cryptocurrency, stating that it could play a pivotal role in securing America’s economic dominance. “I think it’s perhaps the future of American hegemony, in terms of our economic status, our economic might,” he said as reported by CoinDesk.

“We do have to create that framework in which [crypto], which I believe to be the future of finance, where we can play, 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. added.

WLF Invests in Ondo and Crypto Growth

The summit saw the announcement from World Liberty Financial (WLF), a crypto project supported by the Trump family, which has recently invested in Ondo Finance’s native cryptocurrency. This move signals the Trump family’s commitment to expanding their presence in the cryptocurrency space.

Additionally, WLF has recently made investments in various cryptocurrencies, including Ethereum, Bitcoin, and others, and has purchased approximately $470,000 worth of ONDO tokens. As part of a broader strategy, the company is preparing to launch the “Ondo Chain,” a layer-one blockchain designed for tokenized assets.

Chase Herro, co-founder of WLF, also shared exciting developments, including plans for the launch of a “strategic reserve” of crypto assets. The reserve will provide further liquidity and support for the crypto ecosystem, offering investors more diverse opportunities in a growing market.

This focus on cryptocurrency aligns with TMTG’s plans to launch a Bitcoin-backed ETF, named the Truth.Fi Bitcoin Plus ETF, showcasing their interest in traditional and digital asset investments.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Stablecoins Associated with First Digital Trust (FDT) Temporarily Depegs as Justin Sun Warns of Company’s Insolvency

In a surprising turn of events, Justin Sun, a prominent figure within the Tron (TRX)…

April 2, 2025

Trump Tariffs Live: Bitcoin Price Rallies To $87000 On ‘Liberation Day’

Cryptocurrency markets are experiencing fluctuations as traders brace for President Donald Trump's "Liberation Day" announcement,…

April 2, 2025

Grayscale Announces Launch of Two New Bitcoin ETFs: Here’s What They Are

Grayscale, a leading crypto asset manager, has introduced two new Bitcoin ETFs, offering a fresh…

April 2, 2025

Remember This Name! Remittix Presale Becomes the Top Predicted of 2025 as Project Raises Almost $15M in Record Time

In a year marked by conservatism and a sentiment shift in crypto, one name is…

April 2, 2025

Has Elon Musk Forgotten About Dogecoin (DOGE)?

Particularly for Dogecoin (DOGE), Elon Musk, the billionaire entrepreneur CEO of Tesla and SpaceX, has…

April 2, 2025

Shiba Inu Drops 9%, but RUVI AI’s (RUVI) Token Might Be the Meme Coin Killer as Investors Rush to Claim their Bonus

The cryptocurrency market is no stranger to ups and downs, and this week, Shiba Inu…

April 2, 2025