Justin Sun’s $100 million TRUMP token purchase alerts a strategic alignment with the U.S. administration’s pro-crypto stance and marks the first of many deliberate collaborations with the Trump group, the Tron founder informed CoinDesk in an interview.
This is not the first funding the Tron founder has made in initiatives inside the Trump-crypto universe.
Sun’s ties to Trump-affiliated crypto ventures date again to shortly after final 12 months’s election, when he bought roughly $75 million value of World Liberty Monetary (WLFI) tokens in a number of tranches.
Solar stated the TRUMP token, initially issued on Solana, will soon be bridged to Tron using LayerZero, with plans to make it a flagship asset inside the ecosystem.
“I believe Tron has the potential to grow to be the next-generation settlement layer — not just for stablecoins, but additionally for meme cash and different fashionable belongings,” Solar stated.
Past technical integration, Solar described Tron’s plans for the TRUMP token as a international enlargement technique focusing on Asia and Africa, alongside campaigns to increase adoption and trade listings.
That marks a stark distinction to the earlier days of politically themed tokens, reminiscent of the unofficial Donald Trump fan coin, MAGA, which struggled to get listed on exchanges because it was deemed “too political” at the time.
“We are going to make TRUMP token very talked-about in Asia and in the remainder of the world,” he stated. “TRUMP is a essential memecoin, and a globally acknowledged IP.”
He framed the initiative as a part of a broader effort to tie Tron’s development to a friendlier regulatory local weather underneath President Trump, and hinted at additional collaborations spanning stablecoins and DeFi.
“With the Trump administration exhibiting nice help for cryptocurrency, I believe we’re coming into a new chapter for the trade,” Solar stated, evaluating the White Home’s embrace of crypto to former President Invoice Clinton’s initiatives to push adoption of the web in the Nineties – and make the U.S. the hub for its improvement.
“I believe that’s one thing that can profit the US for the subsequent 20, 50, even 100 years,” Solar continued.
This optimistic view is not precisely universally held.
As CoinDesk previously reported, Democrat lawmakers are engaged on the Fashionable Emoluments and Malfeasance Enforcement
Act, which might search to prohibit presidents and their households from dabbling in memecoins or issuing different monetary belongings.
“It’s pay-to-play politics on steroids, and Trump is cashing in,” is how a release from the office of U.S. Senator Chris Murphy, a sponsor of the MEME Act, described it.
Tron Inc. is simply the starting
Except for the TRUMP token purchase, Solar mentioned Tron Inc., a firm present process a reverse merger with Nasdaq-listed SRM Leisure as a part of a plan to create a publicly traded automobile aligned with the Tron ecosystem.
“Increasingly U.S. institutional traders will discover the Tron technique as a great way to make investments into the crypto ecosystem,” he stated. “I believe it’ll grow to be a beacon for individuals to get into crypto.”
And, he stated, there are extra to come.
Learn extra: Asia Morning Briefing: Tron’s Public Listing Might Be Investors’ ‘Visa’ Moment for Stablecoins
