Donald Trump Jr Says Crypto Is the 'Future of American Hegemony'

Donald Trump Jr. believes crypto to beryllium the aboriginal of American dominance, helium said successful a speech astatine the Ondo Summit successful New York City connected Thursday.

"I deliberation it's possibly the aboriginal of American hegemony, successful presumption of our economical status, our economical might," Trump Jr. said.

The lad of the U.S. president made a astonishment quality astatine the lawsuit aft World Liberty Financial (WLF), the crypto task backed by the Trump family, bought Ondo's autochthonal cryptocurrency (ONDO) earlier today.

"We bash person to make that model successful which [crypto], which I judge to beryllium the aboriginal of finance, wherever we tin play, wherever determination is an knowing of what that is but besides wherever it's not truthful over-regulated by radical who don't cognize what they're talking astir that you suffer everything that it stands for," Trump Jr. said.

Chase Herro, co-founder of World Liberty Financial, besides said that the protocol volition soon motorboat a "strategic reserve" of crypto assets. "We are large builder fans."

WLF made headlines implicit the past months investing successful aggregate tokens including ETH, wrapped BTC, Tron's TRX, AAVE, Chainlink's LINK among other. World Liberty Financial acquired astir $470,000 worthy of ONDO tokens contiguous soon aft Ondo Finance announced plans to motorboat Ondo Chain, a layer-1 blockchain designed for tokenized assets.

During U.S. greeting hours, Trump's societal media institution revealed that it was looking to motorboat a bid of exchange-traded funds (ETFs), 1 of them which would way the terms of bitcoin (BTC) called the Truth.Fi Bitcoin Plus ETF.