Trump's crypto plan progress: Sun Yuchen leads, World Liberty Financial completes $10 million deal

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Trump's cryptocurrency plan has made significant progress. World Liberty Financial (WL) completed a transaction worth about $10 million to exchange its wrapped bitcoin (WBTC) for tokens associated with Sun Yuchen. The transaction was provided by Nansen data and marks World Liberty's entry into the DeFi field, although the platform is still in the development stage.

Sun Yuchen, as an advisor to the project, recently established a partnership with BiT Global, although this has caused controversy about his control. The US crypto exchange Coinbase has considered delisting WBTC and has a legal dispute with BiT Global over this.

Although the Trump family supports World Liberty, the project's sales are far below expectations, and the market has questioned its future viability. Trump's investment is expected to bring at least $15 million in revenue to the family, but the challenges facing the project are still severe.

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