A prominent figure recently expressed the belief that cryptocurrency could play a significant role in the future of U.S. economic influence. Speaking at the Ondo Summit in New York City, this individual suggested that crypto represents a key element in maintaining and strengthening America’s economic standing on the global stage.
“I think it’s perhaps the future of American hegemony, in terms of our economic status, our economic might,” the speaker stated. This comment came after World Liberty Financial (WLF), a crypto project with ties to the individual’s family, made a substantial purchase of Ondo’s native cryptocurrency (ONDO).
The speaker emphasized the importance of establishing a regulatory framework that fosters the growth of the cryptocurrency industry. They cautioned against excessive regulation by those unfamiliar with the technology, arguing that such measures could stifle innovation and undermine the potential benefits of crypto. “We do have to create that framework…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,” they explained.
WLF’s co-founder also announced plans for a “strategic reserve” of crypto assets, signaling a strong commitment to the crypto space. WLF has been actively investing in various tokens, including ETH, wrapped BTC, Tron’s TRX, AAVE, and Chainlink’s LINK. Their recent acquisition of ONDO tokens followed Ondo Finance’s announcement of plans to launch Ondo Chain, a layer-1 blockchain focused on tokenized assets.
This development coincides with news that a social media company is exploring the launch of several exchange-traded funds (ETFs), including one tracking the price of Bitcoin. These activities highlight the growing interest in and adoption of cryptocurrency among various players in the financial world.
