Official announcements from regulatory bodies such as the SEC or other financial regulators

Trump-Backed World Liberty Financial to Acquire TRX Tokens for Treasury, Raising $90 Million and Securing $30 Million Investment

Jan 18, 2025, 02:45 AM

World Liberty Financial, a cryptocurrency project backed by the family of U.S. President-elect Donald Trump, is set to acquire tron (TRX) tokens for its treasury. The project recently raised $90 million through the sale of its WLFI tokens. Additionally, Justin Sun, a prominent figure in the crypto space, has pledged to invest $30 million in World Liberty Financial, making him its largest investor. This acquisition comes amid ongoing scrutiny of the project, which has faced concerns related to hacks, scams, and transparency issues.