Trump-Backed World Liberty Financial to Acquire TRX for its Treasury: Source
World Liberty Financial, the crypto project backed by the family of U.S. President-elect Donald Trump, plans to acquire tron (TRX) tokens for its treasury, according to a person familiar with the matter.
The prospective move would deepen World Liberty Financials close ties to the Tron empire. Its founder Justin Sun already advises Trumps crypto project. Hes also single-largest holder of its WLFI token, having bought $30 million in November.
Its not clear how much TRX World Liberty plans to add to its reserve of cryptocurrencies. World Libertys raised $90 million from sales of WLFI. Its previously parked seven-figure sums in AAVE and LINK, tokens issued by projects World Libertys partnered with.
Trump is officially the chief crypto advocate of World Liberty Financial, which plans to offer crypto-financial services to the masses. His imminent return to the White House is being heralded as a watershed moment for the crypto industry.
Trons along for the ride. A delegation from the project is slated to attend the inauguration on Monday. Tron also sponsored the industrys inaugural gala, the crypto ball on Friday night in Washington, D.C, a source told CoinDesk.
Trumps team didnt immediately respond to a request for comment, and neither did World Liberty Financial.
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Text source: CurrencyCrypt
