Trump-Backed World Liberty Financial Acquires TRX for Its Treasury: Source

World Liberty Financial, the cryptocurrency project backed by the family of US President-elect Donald Trump, plans to acquire Tron (TRX) tokens for its treasury, according to a person familiar with the matter.

This anticipated move will deepen the close ties between World Liberty Financial and the Tron empire. Its founder Justin Sun is already advising Trump’s cryptocurrency project. It is also the largest holder of its WLFI token, After he bought it for $30 million in November.

It is not clear how much TRX World Liberty plans to add to its cryptocurrency reserve. World Liberty’s collected $90 million from WLFI sales. The seven-figure sums were previously parked in AAVE and LINK, tokens issued by projects World Liberty has partnered with.

Trump is officially considered the “chief advocate of cryptocurrencies” for World Liberty Financial, which plans to bring crypto financial services to the masses. His imminent return to the White House is being heralded as a watershed moment for the cryptocurrency industry.

You see along the journey. A delegation from the project is scheduled to attend the opening ceremony on Monday. Tron also sponsored the industry’s inaugural gala, the “Crypto Ball,” on Friday night in Washington, D.C., a source told CoinDesk.

Trump’s team did not immediately respond to a request for comment, nor did World Liberty Financial.