Tron’s Justin Sun invests $30M in Donald Trump’s Crypto Project
Tron founder Justin Sun is investing $30 million into President-elect Donald Trump’s World Liberty Financial crypto project. The $30M investment makes Sun the largest investor in the decentralized finance (DeFi) project.
“The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump!,” Sun, the founder of the cryptocurrency firm Tron, announced in a post on X Monday. “TRON is committed to making America great again and leading innovation.” World Liberty also posted on X that they are “honored to have the support” of Justin Sun and Tron.
Justin Sun Invests In Donald Trump’s World Liberty Financial (WLF)
Donald Trump’s crypto venture, WLF, is being promoted by Trump and his sons as part of the DeFi movement. The president-elect is listed as World Liberty Financial’s chief crypto advocate, while his sons, Eric, Donald Jr., and Barron Trump are named as its web3 ambassadors. During World Liberty’s initial launch, the Wilmington, Delaware-based project planned to raise $300 million at a $1.5 billion valuation. However, it recently disclosed that its $300 million offering of tokens is primarily being marketed offshore. Justin Sun’s investment in the company is the largest to date and comes from on-shore.
Currently, only accredited investors in the United States can access the platform. According to SEC guidelines, accredited investors must have a net worth of at least $1 million or an annual income of $200,000 individually ($300,000 with a spouse) for the past two years. Even though US access is limited, Donald Trump’s crypto project is open to all non-US persons. World Liberty Financial intends to expand access to all Americans in the future, stating: “We envision a future in which all Americans can make use of this venue and have equal access to tools and opportunities.”
Also Read: President-Elect Donald Trump Holds Over $5,400,000 in Crypto
Donald Trump’s World Liberty Financial debuted in October with $11.5 million in inflows. Spokespeople for Sun and World Liberty didn’t immediately comment on the latest investment into Trump’s crypto project.
Read More
JPMorgan: Stablecoins will be Integrated in Traditional Finance
What Trump’s Crypto Report Could Mean for Your Portfolio
Tron’s Justin Sun invests $30M in Donald Trump’s Crypto Project
Tron founder Justin Sun is investing $30 million into President-elect Donald Trump’s World Liberty Financial crypto project. The $30M investment makes Sun the largest investor in the decentralized finance (DeFi) project.
“The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump!,” Sun, the founder of the cryptocurrency firm Tron, announced in a post on X Monday. “TRON is committed to making America great again and leading innovation.” World Liberty also posted on X that they are “honored to have the support” of Justin Sun and Tron.
Justin Sun Invests In Donald Trump’s World Liberty Financial (WLF)
Donald Trump’s crypto venture, WLF, is being promoted by Trump and his sons as part of the DeFi movement. The president-elect is listed as World Liberty Financial’s chief crypto advocate, while his sons, Eric, Donald Jr., and Barron Trump are named as its web3 ambassadors. During World Liberty’s initial launch, the Wilmington, Delaware-based project planned to raise $300 million at a $1.5 billion valuation. However, it recently disclosed that its $300 million offering of tokens is primarily being marketed offshore. Justin Sun’s investment in the company is the largest to date and comes from on-shore.
Currently, only accredited investors in the United States can access the platform. According to SEC guidelines, accredited investors must have a net worth of at least $1 million or an annual income of $200,000 individually ($300,000 with a spouse) for the past two years. Even though US access is limited, Donald Trump’s crypto project is open to all non-US persons. World Liberty Financial intends to expand access to all Americans in the future, stating: “We envision a future in which all Americans can make use of this venue and have equal access to tools and opportunities.”
Also Read: President-Elect Donald Trump Holds Over $5,400,000 in Crypto
Donald Trump’s World Liberty Financial debuted in October with $11.5 million in inflows. Spokespeople for Sun and World Liberty didn’t immediately comment on the latest investment into Trump’s crypto project.
Read More
JPMorgan: Stablecoins will be Integrated in Traditional Finance