Trump’s company will receive at least $15 million after Justin Sun’s investment into World Liberty tokens Tokens 1 day ago

Justin Sun’s TRON purchased $30 million worth of World Liberty Financial tokens earlier this week, and the investment enabled President-elect Donald Trump and his sons, Eric, Don Jr., and Barron, to get paid.World Liberty listed Trump as its “Chief Crypto Advocate,” and his sons as “Web3 Ambassadors.” Trump and his family have been promoting World Liberty Financial for months, claiming that it can “make finance great again.”World Liberty set out to sell $300 million worth of tokens to raise funding but until Sun’s investment, it was failing. It had sold only $21 million worth of tokens, achieving merely 7% of its target until Sun tipped the scales.Now, since the threshold of $30 million has crossed, the Trumps collectively stand to receive at least $15 million, according to World Liberty’s “Gold Paper.”Despite the poor reception of World Liberty by the crypto community at large, Trump’s company DT Marks DEFI LLC will receive 75% of all proceeds, as per terms laid out in the Gold Paper.Upon Sun’s investment, World Liberty Financial named him as an adviser and paved the way for him to be in business with the Trumps. Sun’s latest investment can be seen as a move to curry favor with the next U.S. President, who has promised to replace SEC chief Gary Gensler with a crypto-friendly candidate.Jeff Hauser, executive director of the Revolving Door Project, a nonprofit that monitors executive branch appointees, told Bloomberg:“Foreign countries and rogue business people would have never thought to be as brash in cultivating an American president as what we are witnessing in the orbit around Trump.”While Sun has never met with any of the Trumps, he is expected to meet with Eric Trump at a Bitcoin conference in Abu Dhabi next month. Sun has said that he does not expect any favors from Trump in exchange for his investment.In 2020, Monika immersed herself in crypto, maintaining skepticism yet firmly believing blockchain could address key issues like financial disparity and transparency. A book-lover, she’s also a passionate food enthusiast.CryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. Focusing on Bitcoin, macro, DeFi and AI. Get the latest crypto news and expert insights. Delivered to you daily.US leads with $266 million in crypto inflows, highlighting robust interest in Ethereum and XRP.The ‘n in Enron now stands for ‘nice’ as memecoins erupt over company relaunch.WisdomTree joins race for SEC approval as XRP’s market cap surges past $135 billion.Saylor urges Microsoft to replace stock buybacks with Bitcoin to capitalize on the next technology wave and stay competitive.Celebrating art and blockchain unity, Justin Sun’s acquisition of the ‘world’s most expensive banana’ highlights TRON’s commitment to digital art innovation.The Tron founder drew a parallel between art, NFTs, and blockchain during the event.Sun is now the largest investor of the Trump family-backed platform aiming to drive mass adoption of US dollar-pegged stablecoins.Blockchain firm Scam Sniffer sheds light on how subtle address differences can lead to massive crypto losses amid a recent phishing attempt.CryptoSlate’s latest market report dives deep into Bitcoin ETF options, their role in the market, and their potential to reshape institutional crypto trading.Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.