
Trump-Backed World Liberty Financial to Acquire TRX for its Treasury: Source
World Liberty Financial, the crypto project backed by the family of U.S. President-elect Donald Trump, plans to acquire tron (TRX) tokens for its treasury, according to a person familiar with the matter.The prospective move would deepen World Liberty Financial's close ties to the Tron empire. Its founder Justin Sun already advises Trump's crypto project. He's also single-largest holder of its WLFI token, having bought $30 million in November. It's not clear how much TRX World Liberty plans to add to its reserve of cryptocurrencies. World Liberty's raised $90 million from sales of WLFI. Its previously parked seven-figure sums in AAVE and LINK, tokens issued by projects World Liberty's partnered with. Trump is officially the "chief crypto advocate" of World Liberty Financial, which plans to offer crypto-financial services to the masses. His imminent return to the White House is being heralded as a watershed moment for the crypto industry.Tron's along for the ride. A delegation from the project is slated to attend the inauguration 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 didn't immediately respond to a request for comment, and neither did World Liberty Financial.