TRON has announced its commitment to purchase $100 million worth of TRUMP tokens, which are linked to US President Donald Trump.
(Source: Justin Sun on X)
“This move highlights our belief in collaborating across ecosystems to grow the crypto landscape with communities such as @GetTrumpMemes,” he said.
“The future is open and interconnected, and we’re thrilled to bring communities like @GetTrumpMemes to the world’s most used blockchain for real-world value transfer. With $TRUMP on #TRON, users will benefit from near-zero fees and instant settlements. (Powered by @LayerZero_Core),” TRON DAO said.
Sun Supports TRUMP Memecoin Amid Warren’s Warning
The announcement comes after U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, slammed US President Donald Trump’s crypto venture during a Senate hearing on digital asset regulation.
Warren warned that the US President and his associates have profited from crypto ventures, while ordinary investors suffered losses. She cited Chainalysis reports that POTUS’s team raked in over $320 million in fees from TRUMP, even as retail buyers lost money.
She blasted the lack of regulatory oversight in crypto markets, calling for stronger investor protections, anti-money laundering rules, and a ban on public officials from cashing in on speculative tokens, including presidents.
“We need to shut down this superhighway for presidential corruption at the same time,” Warren declared. She also criticised industry-backed bills, arguing that they would weaken financial safeguards.
“New crypto rules shouldn’t open a back door to destroy the securities laws that have served as the bedrock of our capital markets for nearly 100 years. Some recent proposals, including the CLARITY Act that the House will vote on next week, include language that would allow non-crypto companies to tokenize their assets to evade the SEC’s regulations. Think for just a minute about what that means. Under the House bill, a publicly-traded company like Meta or Tesla could simply decide to put its stock on the blockchain and POOF! it would escape all SEC regulation,” stated in the official document.
Recently, TRUMP memecoin, which launched on Solana in January, has officially expanded to the Tron blockchain in a bid to capitalize on faster transactions and lower fees. Despite dropping over 88% from its all-time high of $74, the token still holds a $1.7 billion market cap, with its fixed billion pushing its fully diluted valuation to $8.59 billion.
By migrating to Tron, the project aims to tap into offshore liquidity. It will strengthen its presence in DeFi and stablecoin-heavy ecosystems.
Also Read: Regulatory Ambiguity has Serious Consequences: Sen. Tim Scott
