Justin Sun, the founder of Tron, has deepened his involvement with the Trump-backed World Liberty Financial (WLF) project, adding another $15 million to his previous investments.
This brings Sun’s total contribution to $90 million, showcasing his strong belief in the initiative and the potential of a more crypto-friendly environment under President-elect Donald Trump.
Sun’s growing financial support highlights his confidence in WLF as a pivotal project for the blockchain sector. His latest investment follows an earlier $45 million infusion, building on TRON DAO’s initial $30 million stake, reflecting a long-term commitment to the venture.
The WLFI token, WLF’s native digital asset, has gained significant traction among investors. Nearly 21 billion of the 25 billion tokens allocated for sale have been purchased, leaving a limited supply available. Much of this demand is driven by Trump’s public backing of the project and the 60% equity stake held by Trump’s family and their affiliated entity, DT Marks DEFI LLC. This connection has instilled confidence in the project’s long-term viability.
As Donald Trump’s inauguration nears, discussions about World Liberty Financial and its potential impact on the crypto space are intensifying. WLFI is viewed as a project poised for widespread adoption, thanks to its functionality and the prominent figures supporting it.
U.S. Senator Bill Hagerty believes stablecoin issuers are on track to become some of the largest holders of U.S. Treasury debt as the regulatory landscape for digital dollar-pegged assets evolves.
Crypto.com has taken another major step in its European expansion, earning regulatory approval to offer crypto derivatives across the European Economic Area under the EU’s financial instruments directive.
Bitget Wallet is taking a big leap forward in its evolution—from a trading app to a full-service crypto lifestyle platform.
Swiss-based Bitcoin Suisse is preparing to break new ground outside Europe after securing initial regulatory approval in the United Arab Emirates.