Trump's second son ETH Denver full text of the conversation 2025: It is recommended that newcomers enter the market in small quantities and continue to learn DeFi

Original translation: jk, Odaily Planet Daily

Editor 's note: On February 26, Denver time, Donald Trump Jr., co-founder of World Liberty Finance (WLFI), attended the "DeFi World 2025" event around ETH Denver, and jointly discussed the crypto regulatory policy, the future of DeFi and the role the United States played in it with major guests from the crypto industry. Its core viewpoint is as follows:

Necessity of a regulatory framework : The cryptocurrency and DeFi sectors require a clear regulatory framework to define what can and what cannot be done. He believes that the lack of clear regulation will lead to companies being forced offshore, missed opportunities, and calls on the United States to formulate reasonable regulations to ensure investors' safety and industry development.

The United States should lead the financial future : The United States should play a leading role in the financial future, rather than pushing businesses overseas through over-regulation. He argued that the United States should dominate the global development of cryptocurrencies and blockchain technology by formulating wise regulations.

Financial democratization : Through projects such as World Liberty Finance, traditional finance and decentralized finance are combined to provide liquidity, stability and transparency to more people, thereby achieving financial democratization. He criticized the opacity and exclusivity of the existing financial system, believing that cryptocurrency and blockchain technology can provide equal financial opportunities for more people.

Technology and Innovation : Confidence in the potential of cryptocurrency and blockchain technologies that will revolutionize the financial industry. He particularly emphasized the importance of transparency and on-chain operations, believing that this could eliminate opacity and corruption in traditional finance.

Suggestions for beginners : It is recommended that novices start with small investments, gradually understand the cryptocurrency field, and avoid excessive leverage. He stressed the importance of education and participation, believing that only by truly participating in it can we better understand this rapidly developing field.

Looking forward to the future : Looking forward to the future of World Liberty Finance and its partners, believing that by integrating various technologies and projects, it can bring revolutionary changes to the global financial system and provide financial freedom and opportunities to more people.

Q: The United States is an important leader in the cryptocurrency field.

What kind of policies do you think are needed?

Trump Jr.: I think the most important thing now is that everyone needs a regulatory framework to clarify what can be done and what can’t be done. As we enter the world, our family is also involved with projects like WLFI. Surprisingly, even if you have access to the best lawyers and experts in the world, no one really knows what you can and can’t do. Few people are willing to face excessive abuse of cryptocurrency by institutions such as the Department of Justice (DOJ), the Securities and Exchange Commission (SEC), or the Commodity Futures Trading Commission (CFTC). Therefore, I believe this is the future of finance. We want to democratize it, but people do need this regulatory framework to move forward and understand what can be done. If you fail to do so, the company will be forced to offshore, and the loss of opportunity costs is huge. I think this is very ridiculous. We need to create a regulatory framework that makes people feel safe and ensure they can invest with confidence. I stopped working after noon on January 20, but during the transition period, we spent a lot of time introducing people who not only know about Traditional Finance (TradFi), but also really understand cryptocurrencies and decentralized finance (DeFi) in order to develop a reasonable regulatory framework and laws .

I think the problem I’ve seen in Washington, D.C. over the past few decades is that those who make decisions tend to know nothing about the subject of their legislation. They just stayed there longer and therefore had qualifications and might sit on a committee. I entered the real estate industry after graduating from Wharton in 2000 and witnessed the financial crisis of 2007-2008. I saw those members of the financial committee asking seemingly sharp questions, but they actually knew nothing about what was being discussed. If you really understand these topics, you realize, my goodness, these people are making trillions of dollars in decisions without any basis for understanding. Therefore, we need a regulatory framework guided by people who truly understand the industry, whether it is the new SEC chairman or Scott of the Treasury and others.

I have helped come up with ideas in the cryptocurrency space, such as getting people like David SAS involved. He truly understands the world. At first we only talked about AI, but at dinner I realized that he was one of the greatest minds in the tech world, why not let him play a role in the cryptocurrency world too? So we formed a team that really understands what we are doing so you don’t just get a bunch of regulations and obstacles. This is a very critical opportunity to create what the industry really needs. I think we have people who know the industry enough to do this, rather than just because people make decisions without actual knowledge, resulting in a worse solution than the problem itself.

To be honest, I think the SEC and DOJ have put too many obstacles in the past few years of the Biden administration, which is almost destructive, and even predatory, trying to kill the incredible innovation of cryptocurrency. The same is true for DeFi and other related technologies. Now, I think we have people who can make frameworks that understand the field and can open the floodgates to bring in those who really want to develop in the United States. They just want a reasonable environment in the United States, not worrying about being jailed for 25 years because of some nonsense. So I'm very excited about the actions the new administration will take. I am proud to be part of the team that helped drive this process.

My dad would eventually make these decisions by himself, but he understands how critical it is to the future of finance. I think this is the future of finance. The United States should be at the forefront , rather than setting up various obstacles to push these companies overseas. I'm very excited about those in government and we can do it right, make it meaningful and dominate the industry for the foreseeable future and even forever.

You launched your own cryptocurrency platform WLFI. Can you tell us what

is the vision and mission of this platform? How will it revolutionize the DeFi and TradFi fields?

Trump Jr.: I think the real vision is to combine DeFi and traditional finance to make them one. Everyone wants to get liquidity, but not everyone has the opportunity to get to it. I have learned this through my political experience over the past few years. A few months ago, I made some comments online saying that the current financial system feels like a huge Ponzi scheme. I say that because when I entered the world of finance after graduating from Wharton, I worked in real estate and finance in New York. As a member of the Trump family, I may not realize it, but I am at the top of this financial pyramid. It was basically a Ponzi scheme, but I didn't know at the time because I could reach anyone over the phone and get what I wanted. Because of who we are, because of our balance sheet, it's all easy. But as we enter the political realm, all of this access suddenly disappears.

I realize how undemocratic the financial system is. As long as you do what they say, everything is fine. But if you don't, many Americans, even people around the world, will be discriminated against. So, I think our idea is to bridge this gap and provide mobility for those who have never had the opportunity. I think we can do a lot of amazing things. There are currently no bond products or Treasury assets in the cryptocurrency space, combining these two worlds, as I mentioned earlier, we need a right team to do this, which will bring liquidity and, more importantly, stability.

The real goal is to democratize finance. I think cryptocurrencies do a great job in this, but there are still many pitfalls. This field is still very new and I believe there are people in the room who have been in this field for 15 years, so it’s not new to them. But I really feel like we are on the verge of a big breakthrough. So combining these two worlds is something we are working on and providing people with great products that they can use. I think a lot of people are artificially excluded by the traditional financial world, and they don't have the opportunity to access these resources because they don't meet certain criteria or are considered not "sexy" or "cool" enough. So I'm very excited about being able to truly democratize finance. As someone who used to be at the top of this man-made Ponzi scheme, I quickly realized the feeling of being at the bottom of this scam. I realize that the meaning of the United States is not this, nor is the meaning of financial freedom. So we are very excited to get into this field, grow with everyone, and help all these great products come together.

Regarding “World Free Finance,” it has recently partnered with many

partners, from Chile to Tron to Ondo Finance. I want to ask you, what kind of partnership is "World Free Finance" looking for?

Trump Jr.: Similar to the first question, we want to combine the traditional finance and cryptocurrency world. We want to be an integrator, bringing all the great things together , and not intending to do it all alone. We are looking for partners with a variety of excellent projects. You mentioned some, but there are many more. We need these projects and their wisdom. We have to combine all these great techniques, great minds and great ideas to bridge this gap again. I think if we can do that, if we can integrate, we can create stability, which is necessary for this field to take off. We can simplify some of the complexity and make it easier to reach for ordinary Americans and people around the world. So we are looking to work with these top projects to get everyone working in the same direction and really change the entire industry.

I think you 'll see more amazing announcements in the days, weeks and months to come. As I said, it’s great to see all the people who understand this contact us and think we can be the catalyst to bring these great ideas together. I think this is very basic and the most important part.

Blockchain and centralized finance have brought many solutions to

traditional financial markets. What problems and challenges do you think it solves in traditional finance?

Trump Jr.: I think we need to create practicality. A lot of these ideas are great, but if you have been in this field for a long time, you can reach the best people and minds. But for ordinary people, we must strive to create practicality. I think there are many solutions and everyone wants to get that liquidity. People need to be able to get in and out of all these areas. So I think the biggest solution we can try to create is to create this practicality, bringing all the great partners together, and I think that will do that. It takes time.

Now, it feels like "inside game", but ultimately, it's about creating practicality. You can create democratization of finance and bring others into this field. As I mentioned before, this field was once the exclusive realm of the rich and powerful. If we can create this practicality, let everyone really use it, make basic trading simple, bring liquidity to the market, it would be something really game-changer. You see other places fighting for this too.

I interviewed the leader of the Venezuelan opposition party earlier and she won over 90% of the vote. She is a staunch supporter of cryptocurrencies because even if they win 90% of the vote, they are able to shut her up, shut down her business, and cut off her communication channels. I think once you create practicality, create electronic signatures, put them on the chain, you have transparency. There are many things we can do to level the playing field for those who don’t have the chance. I think it's very exciting. I think this is a game-changer not only for the industry, but also for the world and for freedom itself.

Some people outside may not be very satisfied with this answer, but listen, we have seen what they can do in the United States. If you don 't buy their accounts, they will attack you. They did this when my dad was the first president, and even if he was the most powerful person in the world, at least on paper, they could cut you off. They can only push one narrative, exploiting this bias. Even in the United States, you would think it was impossible, but you saw what they did, they attacked many, they saw their imprisonment of big names in the early cryptocurrency field, like Ross Ulbricht, who paved the way for bitcoin and cryptocurrencies. They don't like these, it doesn't matter.

We are heading towards a world independent of power , which is very terrible for many authoritarian regimes. I think some of these regimes may be closer to us than we thought.

The revolution in the DeFi field began in 2020, and since then, it has

evolved from pledge, re-staking, various innovative DEXs to modular DEXs, and more. But this field is still very new and has great growth opportunities. There are still many people trying to understand the basics. So, I want to start from your personal experience, what advice would you give to those who have just entered this field? Would you suggest how they get started and get feedback?

Trump Jr.: Yes, new things come up every day. I think all you need to do is start reading the news . I'm talking about not reading fake news. You have to have a diverse perspective on this field. You can't just read an account on X, they might be selling something. I think you need to read all about DeFi and start educating yourself, which makes everything less terrible.

Start with a small amount and don 't invest too much money. Don't overexpose yourself. For those who are just starting out, you can invest $100 into Bitcoin, or $1,000. Once you really get involved, rather than just watching, even a small amount, you will start to focus on this area. Suddenly, you'll find it's no longer so mysterious. If you explain these to a baby boomer, they may be very interested. There is a lot of mystery in this area, but if you start trying and getting involved, even a small amount, you will start to understand it. I know when I started putting in some real money, suddenly I started to focus on everything. Once you start paying attention to everything and reading about it, you start to tell what is real and what is nonsense. You will realize that some people are selling something just for their own benefit. In this way, you will become more alert.

I saw my 16-year-old son start playing with some memes. This is really amazing. You see a child suddenly become interested in finance, he invests some money and starts talking about liquidity. Suddenly, he was like a banker who had worked at Goldman Sachs for 20 years. Because he invested money, he started to pay attention and get involved. This is really amazing. I think for people, this is the future of finance. So even if you've been in this field for a while, you're still in the early stages.

As this field grows, for a young entrepreneur, you can learn a lot when investing some money and getting involved. This is the best way to understand the foundations of business and entrepreneurship. I come from a real estate family and we have been doing real estate for a long time. You can't let a 15-year-old go to real estate because everything is too slow. We live in a world of instant gratification. If you play Meme coins, it is not always instantly satisfied, sometimes the opposite is true. When he started to focus and put money in, it was no longer a theoretical thing, he began to really understand it. For everyone, whether young or old, enter this field, invest some money, don’t over-leverage, don’t bet on a house, but start to get involved. When you do that, I think the learning curve will rise like a rocket. That's true for him, and so for me. It’s very crucial to just go from being a bystander to becoming a participant. We are in a very early stage and it's amazing.

For him, I started to encourage him to do this because I was very excited to see that the stock market was good, but you bought some stocks and then sat there for 15 years and it might appreciate, but it wasn't that quick, not that intense. I think he learned more in this way than he learned at Wharton in 18 months. This is really amazing. So I said, get into this field and don't do anything crazy, but start playing with something you're willing to lose because that can happen. But just being a participant rather than a bystander, your senses will become sharper, which is very critical.

The last question. What inspired you? What are you most excited about

what is going to happen this year?

Trump Jr.: To be honest, I think the most exciting thing for me is WLFI. It was so interesting to see all this go. I have been a "hard asset real estate person" all my life and have also been involved in politics in the past few years because I really believe in freedom, and I think freedom was once truly in danger . It's very exciting to be able to do things differently and try to put everything on the chain.

I think people should know, “Hey, the CEO of the company that you hold shares tells you it’s great, but the CEO is quietly selling.” I think that’s a problem. So, I think it's very important to create a product that is as transparent and as clear as possible. Put it on the chain and let people understand that if you are buying and selling, we will talk about that. We'll show you what we're doing so it's no longer a game about insiders and outsiders. We are getting rid of the traditional financial model where I know some bankers make seven figures a year and they have great jobs, but I don't even know what they are doing. We've been talking about what we're doing with WLFI's strategic reserves and we're going to launch many other great products. Be able to emerge from a world of hard asset real estate, enter this field, we buy and hold for a long time. I think we believe there is huge potential in this field.

I spent a lot of time making sure my father’s government had nothing to do with what we did. They are independent, separate from the family business, but we can create this clarity that others understand, hoping we can run it in a way that others see this transparency. They see what we do on the chain, which removes the mystery of these things. We can really create a democratized financial platform where everyone has the opportunity to win, everyone has the opportunity to thrive, and everyone knows what others are doing.

Eliminate some of the opacities that may exist in the world. So, I'm very excited about it. For those who don't follow, check out WLFI's X account. Everyone is trying to do something, saying they are doing something else. Unless you hear it directly from my mouth, from my brother's mouth, or from other great members of the team, get information from there. I am very excited about this project, along with the great talents we have gathered, not only people on the team, but other partners and great entrepreneurs. As you mentioned before, and others who are about to join, they seem to be contacting us every day.

I think we really have the ability to bring all the great minds, ideas and techniques together and fight for what we believe. If we want the world to see this, I think these things will go rapidly as we achieve this. More people will be involved and no longer watching because they will be able to really see what is going on there.

I'm very excited about it. Every day we talk about this project, some people will do something wrong, but there is more to come. So I am very excited to be part of this industry and really take on the responsibility to help reshape the future of finance. It would be incredible.

(Question from Rock) Is there any insider information about

cryptocurrency sovereign funds? Does WLFI have a fund?

Trump Jr.: Regarding the fund, I know it's a transition period. I have to be clear that I am not in the government.

David S, the head of the cryptocurrency field, understands this field. He understands that in the world we live in, you can see these things happen on the first day. These ideas for billions or even tens of billions of dollars potential. So you can see this field, oh my goodness, it didn’t happen at 12 noon on January 20th. But these things take time and they won't magically appear. You need to do these things correctly. So, I know someone is paying attention to all of these things.

I know there are people in the government who absolutely believe this. But you have to understand that although you may want to do something immediately, you have to work within a realistic framework. So, I think that 's definitely something you might see in the near future. I 'm not in the government right now, but I know there's a discussion about getting it done. This is not something you can magically appear with a snap of your fingers. What you are dealing with is huge amounts of money and must be through the proper channels. Washington, D.C. does not function in a reasonable way, it is not transparent, and you can't see what's really going on. Those who are secretly opposing you.

If you've been following for the last nine years, you've probably noticed this. Therefore, all these ideas have been discussed. I have to keep myself. You know, I won't get treated as Hunter Biden. They are the ones who believe in this. They understand its value. They understand that the United States must be at the forefront, not the environment that encourages pushing people away. So I think you'll see these things, but if you're disappointed that it didn't happen in the first moment, I'm sorry, but it's not realistic.

We always follow the principles of the world we live in. So I think you will see a lot of things. I think you'll see a lot of exciting trends, not only in the DeFi space, but also cryptocurrencies and blockchain technology. I think a lot of these things will be taken advantage of. They will create something incredible that people can use and create, again filling in those really missing practicalities.

As you know, these things cannot happen overnight. You need to give it some time. But I think you'll see something incredible. I think ultimately, those who are confident that we talk about these things will be very satisfied. You just have to wait a little longer.

This is great, I must say. I'm really glad you didn't get treated like

Hunter Biden

Trump Jr.: My father raised him a little differently. I was already doing these things at Hunter’s age. The Democrats will try again.