Trump-backed World Liberty Financial to acquire TRX for its treasury: Source

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

The future move would deepen World Liberty Financial’s close ties to the Tron empire. Its founder Justin Sun is already advising Trump’s crypto project. He is also the largest single holder of its WLFI token, having bought $30 million in November.

It is not clear how much TRX World Liberty plans to add to its reserve of cryptocurrencies. World Liberty’s raised $90 million from the sale of WLFI. It previously parked seven-figure amounts in AAVE and LINK, tokens issued by projects with which World Liberty has partnered.

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

Tron is along for the ride. A delegation from the project is scheduled to attend the inauguration on Monday. Tron also sponsored the industry’s inaugural gala, the “Crypto Ball,” on Friday night in Washington, DC, a source told CoinDesk.

Trump’s team did not immediately respond to a request for comment, and neither did World Liberty Financial.

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