Tron founder and HTX Global Advisor Justin Sun has suggested that the issuance of a memecoin by US President-elect Donald Trump could be a turning point for crypto regulation in the United States.
Speaking at an HTX X Space event titled “Interpreting the Hot Value of Trump Memecoin,” Sun brought up the broader implications of Trump’s entry into the cryptocurrency market.
Sun said Trump’s support for cryptocurrencies could intensify competition in the sector, predicting that major tech players such as Facebook and Apple could enter the field by opening trading platforms. “Competitive pressure will increase in the future,” he added.
In November 2024, Sun became the Trump family’s largest investor in cryptocurrency project World Liberty Financial (WLFI) by investing $30 million. During the event, he confirmed the partnership with Trump and revealed other plans for the project.
According to Sun, World Liberty Financial will soon issue the WLFI token on the TRON blockchain, further integrating the project into the TRON ecosystem. He also announced that TRX will be considered a reserve asset for WLFI and that HTX will list the token shortly.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/tron-founder-justin-sun-talks-about-donald-trumps-entry-into-the-cryptocurrency-market-he-shares-his-predictions-after-that/