World Liberty Financial (WLF), a decentralized finance (DeFi) initiative linked to the family of President-elect Donald Trump, has unveiled plans to create a strategic cryptocurrency reserve.
The announcement came from WLF co-founder Chase Herro during the Ondo Summit in New York, where Donald Trump Jr. also voiced strong support for the cryptocurrency industry.
Trump Jr.: Crypto is Key to U.S. Economic Dominance
In a surprise appearance at the summit, Donald Trump Jr. emphasized the transformative potential of digital assets in shaping the global financial landscape.
“I believe crypto is the future of American hegemony when it comes to our economic strength and influence,” he told industry leaders, reinforcing the Trump family’s growing interest in the sector.
WLF has been steadily increasing its digital asset holdings, recently acquiring $470,000 worth of ONDO, the native token of Ondo Finance. The firm has also invested in Ethereum (ETH), wrapped Bitcoin (wBTC), Tron (TRX), AAVE, and Chainlink (LINK), among other cryptocurrencies.
Building a Strategic Crypto Reserve
Chase Herro disclosed that WLF is in the process of establishing a crypto reserve, though he did not elaborate on its specific objectives.
“We are strong supporters of builders,” he stated, hinting at the company’s long-term commitment to digital asset investments.
The concept of a cryptocurrency reserve gained traction during Trump’s presidential campaign, and in January, he signed an executive order to explore the feasibility of a national digital asset stockpile. This move has sparked speculation about WLF’s potential influence on U.S. policy regarding decentralized finance.
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