Trump's Cryptocurrency Plan Progress: Sun Yuchen Leads, World Liberty Financial Completes $10 Million Transaction

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Trump's cryptocurrency plan has made significant progress, with World Liberty Financial (WL) completing a transaction worth approximately $10 million, exchanging its holdings of Wrapped Bitcoin (WBTC) for tokens associated with Sun Yuchen. This transaction, provided by Nansen data, marks World Liberty's entry into the DeFi space, although the platform is still in the development stage.

Sun Yuchen serves as an advisor to the project and has recently established a partnership with BiT Global, although this has sparked controversy regarding his control. The US cryptocurrency exchange Coinbase had considered delisting WBTC and has had legal disputes with BiT Global over this matter.

Despite the Trump family's support for World Liberty, the project's sales figures are far below expectations, and the market expresses doubts about its future viability. Trump's investment is expected to generate at least $15 million in revenue for the family, but the challenges facing the project remain severe.

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