The last time Justin Sun set foot in the U.S., he was Grenada’s WTO ambassador, dealing with the challenges of the former President’s crypto policies.
Now, he’s dining at an event hosted by a former President for the largest holders of his TRUMP memecoin, celebrating a regulatory milestone, suggesting a remarkable turnaround for crypto in America.
In an exclusive interview with RialCenter following the Presidential dinner, which saw protests, the Tron founder dismissed claims that the token is linked to bribery. He labeled skeptics as short-sighted, positing that the President’s support for crypto could ignite a new wave of digital asset innovation in the U.S.
“All the haters need to really pay attention,” Sun stated, describing the President’s backing for crypto as one of his most commendable actions. “There are positive developments in the industry.”
Sun’s ties to the President’s crypto initiatives trace back to shortly after last year’s election, when he accumulated up to $75 million in tokens from World Liberty Financial.
After taking office, the Securities and Exchange Commission (SEC) halted a civil fraud case against Sun and crypto exchange Binance, alongside other cases. Recently, it filed a new civil fraud lawsuit against another cryptocurrency.
He noted that the dinner symbolizes the U.S. reclaiming its position as the global crypto hub, a stark contrast to previous administrations that had led crypto firms to contemplate relocating overseas.
“At the dinner, attendees expressed their desire to leave the U.S. due to the prior administration, moving to places like Hong Kong or Singapore,” Sun shared. “Now they’ve changed their minds. Everyone is coming back to the U.S.”
Criticism of the decision to launch a memecoin has surfaced rapidly from mainstream media, attempting to link token holders to negative ideologies.
Sun countered these claims, asserting that critics have the right to express their opinions under free speech.
‘Memecoins have merit’
Despite protests outside the dinner gathering, skepticism about meme coins isn’t confined to outsiders.
At a conference, a prominent media figure described meme coins as akin to gambling, questioning their sustainability.
Sun disagrees, advocating that meme coins represent a legitimate part of the digital asset space, citing tokens like DOGE and SHIB as successes that have engaged users with crypto. He stressed that Tron’s ambition is to foster the growth and mainstream acceptance of all crypto assets.
“I truly believe memecoins have value,” Sun asserted. “It’s similar to running a business. Some thrive, while others may fail. That’s entrepreneurship.”
UPDATE: Additional details on Sun’s past investigations and context provided.
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