Report: Trump-led WLFI may acquire TRX for its treasury
January 18, 2025, 2:31 AM
World Liberty Financial (WLFI), a crypto project led by the family of U.S. President-elect Donald Trump, plans to acquire Tron (TRX) tokens to strengthen its treasury, CoinDesk reported. WLFI had previously purchased tokens from its partner projects, Aave (AAVE) and Chainlink (LINK). CoinDesk also noted that Justin Sun, founder of Tron, already advises Trump’s cryptocurrency project and is the largest individual holder of WLFI tokens, having purchased $30 million worth in November. Meanwhile, a delegation from Tron is set to attend Trump’s inauguration next Monday and is reported to have sponsored the cryptocurrency event “Crypto Ball,” hosted by crypto czar David Sacks.
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