The post Justin Sun Bets $30 Million on Trump’s Crypto Venture—What’s the Play? appeared on BitcoinEthereumNews.com.

Justin Sun, the founder of Tron and a well-known figure in the blockchain world, has invested $30 million into World Liberty Financial (WLFI)—a crypto project tied to former U.S. President Donald Trump and his family. This makes Sun the largest single investor in the venture. The Investment and Its Implications Announcing the deal on November 25, Sun declared, “We are thrilled to invest $30 million in World Liberty Financial as its largest investor. TRON is committed to making America great again and leading innovation.” Source: X The timing of this investment couldn’t be more significant. WLFI’s fundraising efforts had been underwhelming since its October launch, managing to scrape together just $20 million—a far cry from its lofty $300 million goal. Factors such as restrictions on U.S. investors (with the exception of accredited individuals) and the inability to transfer tokens seemed to have stifled enthusiasm. Sun’s substantial cash injection has now propelled WLFI’s fundraising total to $52 million, offering the project some much-needed momentum. Trump’s Crypto Vision WLFI is far from a hands-off endeavor for the Trump family. Donald Trump himself has assumed the title of “Chief Crypto Advocate,” while his sons Eric, Donald Jr., and Barron serve as “Web3 Ambassadors.” The project promises to align with Trump’s campaign rhetoric of turning the U.S. into a global hub for cryptocurrency innovation. Trump has been vocal about reducing regulatory burdens on the crypto industry, a stance that has drawn mixed reactions from financial watchdogs and blockchain enthusiasts alike. What makes this investment particularly noteworthy is that it activates a revenue-sharing clause in WLFI’s “gold paper.” Trump’s company, DT Marks DEFI LLC, now stands to collect 75% of the project’s net revenue, as WLFI has crossed the $30 million sales threshold. Justin Sun: Opportunist or Visionary? Sun’s track record of high-profile, headline-grabbing moves…

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Filed under: News - @ November 26, 2024 11:25 pm