Justin Sun, the founder of Tron and advisor to HTX Global, believes that U.S. President-elect Donald Trump's entry into the cryptocurrency space through the launch of a memecoin could mark a pivotal moment for crypto regulation in the country.
During an HTX X Space event focused on the impact of Trump’s memecoin, Sun highlighted the broader implications of this move.
He suggested that Trump’s involvement might trigger increased competition in the crypto industry, potentially motivating tech giants like Facebook and Apple to develop their own trading platforms. “The competitive landscape will become more intense,” Sun noted, signaling a shift in how major corporations might approach digital assets.
In late 2024, Sun became the Trump family’s largest investor in the World Liberty Financial (WLFI) project, committing $30 million to the initiative. During the event, he confirmed this partnership and unveiled plans for integrating WLFI further into the TRON ecosystem.
Sun announced that the WLFI token would soon launch on the TRON blockchain, with TRX designated as a reserve asset for the project. Additionally, the token is expected to be listed on HTX in the near future, expanding its reach and solidifying its role within the ecosystem.
Global investment giant BlackRock has taken two major steps to strengthen its foothold in the cryptocurrency sector.
A crypto analyst has suggested that Pi Network’s failure to secure listings on major exchanges like Binance and Coinbase stems from a lack of transparency regarding its token supply management.
Fidelity has taken a significant step toward launching a Spot Solana ETF, with CBOE officially filing a 19b-4 form with the US Securities and Exchange Commission (SEC).
Trump Media & Technology Group (TMTG), the company behind Truth Social, is teaming up with Crypto.com to introduce a lineup of exchange-traded funds (ETFs) and exchange-traded products (ETPs) through its fintech brand, Truth.Fi.