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 crew, the Tron founder instructed CoinDesk in an interview.
This is not the primary funding the Tron founder has made in initiatives throughout the Trump-crypto universe.
Solar’s ties to Trump-affiliated crypto ventures date again to shortly after final yr’s election, when he bought roughly $75 million value of World Liberty Monetary (WLFI) tokens in a number of tranches.
Solar mentioned the TRUMP token, initially issued on Solana, will soon be bridged to Tron using LayerZero, with plans to make it a flagship asset throughout the ecosystem.
“I feel Tron has the potential to change into the next-generation settlement layer — not just for stablecoins, but in addition for meme cash and different well-liked property,” Solar mentioned.
Past technical integration, Solar described Tron’s plans for the TRUMP token as a world enlargement technique focusing on Asia and Africa, alongside campaigns to spice up adoption and change 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 because it was deemed “too political” on the time.
“We are going to make TRUMP token very fashionable in Asia and in the remainder of the world,” he mentioned. “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 underneath President Trump, and hinted at additional collaborations spanning stablecoins and DeFi.
“With the Trump administration exhibiting nice assist for cryptocurrency, I feel we’re coming into a brand new chapter for the business,” Solar mentioned, 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 growth.
“I feel that’s one thing that can profit the US for the subsequent 20, 50, even 100 years,” Solar continued.
This optimistic view is not precisely universally held.
As CoinDesk previously 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 release from the office of U.S. Senator Chris Murphy, a sponsor of the MEME Act, described it.
Tron Inc. is just 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 car aligned with the Tron ecosystem.
“Increasingly U.S. institutional buyers will discover the Tron technique as a great way to take a position into the crypto ecosystem,” he mentioned. “I feel it can change into a beacon for folks to get into crypto.”
And, he mentioned, there are extra to come back.
Learn extra: Asia Morning Briefing: Tron’s Public Listing Might Be Investors’ ‘Visa’ Moment for Stablecoins