Justin Solar’s $100 million TRUMP token purchase indicators a strategic alignment with the U.S. administration’s pro-crypto stance and marks the primary of many deliberate collaborations with the Trump group, the Tron founder instructed CoinDesk in an interview.
This is not the primary funding the Tron founder has made in tasks inside the Trump-crypto universe.
Solar’s ties to Trump-affiliated crypto ventures date again to shortly after final 12 months’s election, when he bought roughly $75 million price of World Liberty Monetary (WLFI) tokens in a number of tranches.
Solar stated the TRUMP token, initially issued on Solana, will quickly be bridged to Tron utilizing LayerZero, with plans to make it a flagship asset inside the ecosystem.
“I feel Tron has the potential to grow to be the next-generation settlement layer — not just for stablecoins, but additionally for meme cash and different fashionable property,” Solar stated.
Past technical integration, Solar described Tron’s plans for the TRUMP token as a world enlargement technique concentrating on Asia and Africa, alongside campaigns to spice up adoption and trade listings.
That marks a stark distinction to the sooner days of politically themed tokens, such because the unofficial Donald Trump fan coin, MAGA, which struggled to get listed on exchanges as a result of it was deemed “too political” on the time.
“We are going to make TRUMP token highly regarded in Asia and in the remainder of the world,” he stated. “TRUMP is an important memecoin, and a globally acknowledged IP.”
He framed the initiative as a part of a broader effort to tie Tron’s progress to a friendlier regulatory local weather beneath President Trump, and hinted at additional collaborations spanning stablecoins and DeFi.
“With the Trump administration exhibiting nice assist for cryptocurrency, I feel we’re getting into a brand new chapter for the trade,” Solar stated, evaluating the White Home’s embrace of crypto to former President Invoice Clinton’s initiatives to push adoption of the web within the Nineteen Nineties – and make the U.S. the hub for its improvement.
“I feel that’s one thing that may profit the US for the subsequent 20, 50, even 100 years,” Solar continued.
This optimistic view is not precisely universally held.
As CoinDesk beforehand reported, Democrat lawmakers are engaged on the Trendy Emoluments and Malfeasance Enforcement
Act, which might search to ban presidents and their households from dabbling in memecoins or issuing different monetary property.
“It’s pay-to-play politics on steroids, and Trump is cashing in,” is how a launch from the workplace of U.S. Senator Chris Murphy, a sponsor of the MEME Act, described it.
Tron Inc. is barely the start
Other than the TRUMP token purchase, Solar mentioned Tron Inc., an organization present process a reverse merger with Nasdaq-listed SRM Leisure as a part of a plan to create a publicly traded automobile aligned with the Tron ecosystem.
“Increasingly U.S. institutional buyers will discover the Tron technique as a great way to speculate into the crypto ecosystem,” he stated. “I feel it can grow to be a beacon for individuals to get into crypto.”
And, he stated, there are extra to come back.
Learn extra: Asia Morning Briefing: Tron’s Public Itemizing Would possibly Be Traders’ ‘Visa’ Second for Stablecoins
