Trump family crypto project WLFI plans to use holdings to build a “strategic reserve”

Odaily News Chase Herro, co-founder of the Trump family's crypto project WLFI (World Liberty Financial), said the platform plans to use the purchased tokens to establish a "strategic reserve," but did not specify what WLFI's goal is in establishing a token reserve.
Donald Trump Jr. attended the startup Ondo Finance’s inaugural summit in New York with World Liberty co-founders Zak Folkman, Zach Witkoff and Herro. Zach is the son of Steve Witkoff, a close Trump ally who helped connect the president’s family with WLFI’s founders and was later chosen as Trump’s special envoy to the Middle East.
House Financial Services Committee Chairman Patrick McHenry, CFTC Acting Chair Caroline Pham, and “cryptocurrency creator” J. Christopher Giancarlo were some of the speakers at the conference, which discussed the future of tokenization as well as regulatory issues.
“The promises are being delivered,” Giancarlo said of the Trump administration’s plans for the cryptocurrency industry. “It’s one thing to get out of the last four years of bad policy. Getting good policy is the challenge.”
Meanwhile, William Hinman, senior advisor at venture capital firm Andreeson Horowitz, stressed that change in the crypto industry in Washington will not happen overnight.
“There will be some improvements, but I think it will take time,” Hinman said of the 21st Century Financial Innovation and Technology Act. “Similarly, it will take time for the SEC to turn the page and really come up with some concrete evidence that this is now a friendlier regulatory approach.” (Bloomberg)