World Liberty Financial (WLF), a DeFi project linked to Donald Trump’s family, is making big moves in crypto. The company has announced plans to build a large cryptocurrency reserve, sparking speculation about its future plans.
This news was revealed at the Ondo Summit in New York, where Donald Trump Jr. made a surprise appearance and strongly backed crypto, calling it key to America’s future power.
At the summit, Trump Jr. called cryptocurrency the “future of American hegemony,” stressing that digital assets will play a major role in keeping the U.S. economy strong. Speaking to industry leaders, he highlighted crypto’s growing influence and how it could reshape global finance.
WLF has been quietly building its crypto holdings, recently purchasing $470,000 worth of ONDO, the native token of Ondo Finance. But its investments go beyond ONDO—the company has also acquired Ethereum (ETH), wrapped Bitcoin (wBTC), Tron (TRX), AAVE, and Chainlink (LINK), showing interest in major blockchain projects.
WLF co-founder Chase Herro shared the company’s vision for its crypto reserve but didn’t reveal its exact purpose. He did, however, confirm that WLF is committed to supporting blockchain innovation and remains optimistic about digital assets.
There’s a Clear Political Connection
The idea of a crypto reserve may have been discussed since Trump’s presidential campaign. Earlier this year, Trump signed an executive action to explore the possibility of such a reserve, raising speculation that WLF’s moves could tie into national crypto policies.
The Ondo Summit brought together key figures from both the crypto industry and government. Attendees included House Financial Services Committee Chair Patrick McHenry and acting Commodity Futures Trading Commission (CFTC) Chair Caroline Pham.
Talks focused on tokenization, regulation, and the challenges of integrating digital assets into mainstream finance.
Although WLF presents itself as a DeFi lending platform, it has yet to launch operations. For now, its growing crypto portfolio raises questions about its long-term strategy and the Trump family’s increasing involvement in the crypto world.
The crypto market might be getting ready for one last dip before prices take off.…
As the weekend approaches, traders are wondering whether the crypto market will see a pump,…
Technical signals suggest Cardano's ADA may soon climb by 15%. The chances of an ETF…
The price of XRP is currently trading around $2.36 and remains in a neutral zone…
The U.S. Senate is preparing to vote on the GENIUS Act (Guaranteed Electronic USD Issuance…
Three tokens namely XRP, DOGE, and RXS have gained worldwide attention because global markets react…
