TechFlow News — On the evening of January 18, Beijing time, Huobi HTX hosted an X Space open mic event themed "Decoding the Value of Trump Memes." Sun Yuchen, global advisor at Huobi HTX, participated in the discussion and provided a detailed analysis of $TRUMP, the official meme coin launched today by U.S. President-elect Donald Trump. Sun stated that Trump's entry into cryptocurrency signals a friendlier regulatory environment for crypto, particularly in the United States, making future enforcement actions against the crypto industry unlikely. He also suggested that the U.S. could potentially adopt Bitcoin as a strategic reserve asset. Furthermore, Sun noted this development would intensify competition within the crypto sector, raising the possibility that companies like Facebook and Apple might launch their own exchanges, leading to increasing competitive pressure in the future.
In November 2024, Sun Yuchen invested $30 million into the Trump family’s cryptocurrency project, World Liberty Financial (WLFI), becoming its largest investor. Regarding this, Sun said, “We’ve partnered with the Trumps. WLFI will be issued on TRON, and it will announce TRX as a reserve asset. Huobi HTX will list it immediately upon launch.”
Live stream link: https://x.com/i/spaces/1gqGvNNkbAAGB
