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News

World Liberty Financial Receives Investment From Justin Sun

November 26, 2024 - Around 2 mins mins to read

Key Points:

  • TRON founder Justin Sun has become the largest investor in World Liberty Financial, boosting its total sales to $52 million.
  • WLFI has struggled to meet its $300 million fundraising goal and faces regulatory hurdles excluding U.S. retail investors.
China-born crypto entrepreneur Justin Sun, founder of blockchain platform TRON, has made an audacious bet on World Liberty Financial, which is essentially a decentralized finance project endorsed by U.S. President-elect Donald Trump.
World Liberty Financial Receives Investment From Justin Sun

Read more: World Liberty Financial: The DeFi Project Boosted by Trump 

Justin Sun Fronts $30 Million Investment in World Liberty Financial

Sun’s $30 million buy-in sends him to the top of the list of the biggest investors in the project, set to enhance the adoption of US-pegged stablecoins.

In a Nov. 25 social media post, Sun celebrated the investment, saying, “The U.S. is becoming the blockchain hub, and Bitcoin owes it to Donald Trump! TRON is committed to making America great again and leading innovation.”

Sun’s investment gave the WLFI fundraising a significant boost, putting total sales at $52 million. That number accounts for only about 17% of the project’s incredibly ambitious goal of $300 million. The WLFI had been failing to attract significant interest since the launch earlier this year, up until Sun’s involvement anyway.

Legal Issues Cast Shadow over Justin Sun’s Bold Financial Moves

World Liberty Financial has teamed up with the leading decentralized finance platform, Aave, to build an application that incentivizes the use of stablecoins. Members of the Trump family, including the president-elect and his three sons, have come out with vocal support for the project, emphasizing stablecoins as a way to maintain U.S. financial leadership around the world.

The project, despite ambition, has not gone without issues. WLFI tokens cannot be sold to the U.S. retail investor base, meaning the group’s initial reach is limited thanks to regulatory restraint. Sun’s involvement has again called into question his history of legal issues. The U.S. Securities and Exchange Commission filed suit in March of 2023 against Sun, alleging securities law violations, fraud, and market manipulation. Sun has called the claims “without merit.”

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

DeFi

Donald Trump

Justin sun

TRON

WLFI

World Liberty Financial

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.