- WLF plans to build a cryptocurrency reserve to shape future financial policies.
- Donald Trump Jr. supports digital assets’ role in global finance at the Ondo Summit.
- WLF increases crypto investments amid market decline and regulatory discussions.
World Liberty Financial (WLF), a decentralized finance (DeFi) project linked to Donald Trump’s family, plans to establish a cryptocurrency reserve. WLF co-founder Chase Herro announced the initiative at the Ondo Summit in New York. Donald Trump Jr. attended the event and emphasized the importance of digital assets in global finance.
WLF has actively acquired various cryptocurrencies in recent months. The organization acquired $470,000 of ONDO tokens which serve as the main currency on the Ondo Finance network. They also invested in Ethereum’s ETH token, wBTC Bitcoin tokens, TRX Tron, LINK Chainlink and AAVE tokens. The company has not disclosed the reason behind its reserve fund.
Discussions about a cryptocurrency reserve gained momentum during Trump’s presidential campaign. In January, he signed an executive order to evaluate a digital asset stockpile. The move raised speculation about WLF’s potential influence over national policies regarding decentralized finance.
Cryptocurrency industry and governmental sector stakeholders gathered during the Ondo Summit. Patrick McHenry and Caroline Pham participated in the discussions. Topics included tokenization and regulatory frameworks.
J. Christopher Giancarlo, former Commodity Futures Trading Commission Chair addressed the current administration’s regulatory stance. He noted that reversing previous policies is one step, but establishing new rules presents challenges. William Hinman, a senior advisor at Andreessen Horowitz, stated that regulatory changes will take time.
Earlier this week, WLF increased its cryptocurrency holdings. The company acquired Ether after a market decline. The price drop followed temporary U.S. tariffs on Mexico and Canada, affecting global financial markets.
Despite positioning itself as a DeFi lending platform, WLF has not yet launched operations. Currently, it remains focused on acquiring digital tokens. The company’s investments and reserve plans have raised concerns about conflicts of interest due to the Trump family’s involvement.
Tags:Aave Crypto market cryptocurrency DeFi Donald Trump Jr ETH ONDO WBTC WLFI Project