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President Donald Trump’s DeFi project, World Liberty Financial, has announced plans to create a strategic reserve using tokens purchased, including an investment of $470,000 in ONDO tokens. Co-founder Chase Herro revealed this initiative at the Ondo Summit. Additionally, Trump is considering the establishment of a U.S. sovereign wealth fund that could potentially invest in stocks and cryptocurrencies like Bitcoin. While the Treasury chief has indicated that the fund aims to leverage valuable American assets, the operational details remain unclear. Critics have raised concerns about the risks associated with such a fund, suggesting it could evolve into a substantial financial vehicle with implications for taxpayers and government accountability.
Sovereign wealth funds are state-run investment vehicles used by several countries around the world to maximize returns on government revenue. But Trump’s plan to create one for the U.S. faces several obstacles, FP’s @Iyengarish writes. https://t.co/czYAb8xYYZ
Donald Trump has kicked off work on considering a US sovereign fund. The Treasury chief suggests it will leverage "fantastic" American assets, but how it will work is unclear https://t.co/yJzuw6OwTu
World Liberty Financial Buys $470K In ONDO Tokens And Plans Strategic Crypto Reserve World Liberty Financial, the DeFi platform backed by Trump and his family, plans to create a “strategic reserve” with acquired tokens, co-founder Chase Herro announced at the Ondo Summit in New… https://t.co/4GLb42N0Ii