Justin Sun Believes Trump's Entry Into Crypto Could Mark a Pivotal Moment for Regulation in the US

Justin Sun, the founder of Tron and advisor to HTX Global, believes that U.S. President-elect Donald Trump's entry into the cryptocurrency space through the launch of a memecoin could mark a pivotal moment for crypto regulation in the country.

Cryptocurrency world abuzz after US President-elect Donald Trump launches memecoin

The entry of U.S. President-elect Donald Trump into the cryptocurrency space with the launch of a memecoin has sparked varied reactions within the crypto industry. Some believe that this move could have significant implications for crypto regulation in the country.

During an HTX X Space event focused on the impact of Trump’s memecoin, Tron founder and HTX Global advisor Justin Sun highlighted some broader implications of this move.

According to Sun, Trump's involvement in the cryptocurrency industry could lead to increased competition, potentially motivating tech giants like Facebook and Apple to launch their own trading platforms. "The competitive landscape will become more intense," Sun noted, indicating a shift in how major corporations might approach digital assets.

In late 2024, Sun became the Trump family's largest investor in the World Liberty Financial (WLFI) project, committing $30 million to the initiative. During the event, he confirmed this partnership and unveiled plans for integrating WLFI further into the TRON ecosystem.

Sun announced that the WLFI token would soon launch on the TRON blockchain, with TRX designated as a reserve asset for the project. Additionally, the token is expected to be listed on HTX in the near future, expanding its reach and solidifying its role within the ecosystem.