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.
FTX founder Sam Bankman-Fried has recently been relocated from Brooklyn’s Metropolitan Detention Center to FTC Oklahoma City, a facility that temporarily houses inmates during transfers.
Terraform Labs is set to launch a claims portal on March 31, 2025, for creditors affected by its bankruptcy following the collapse of TerraUSD and related cryptocurrencies.
President Donald Trump issued full pardons to the three co-founders of BitMEX, a prominent cryptocurrency exchange, years after they admitted to breaching U.S. anti-money laundering regulations.
The U.S. Securities and Exchange Commission (SEC) has recently dropped lawsuits against several major crypto firms, yet Ripple remains an exception, keeping the XRP case in the spotlight.