TRON founder Justin Sun has pledged his support for President Trump’s ambition of establishing the U.S. as the global center for blockchain technology and cryptocurrency development.
Sun’s declaration follows his attendance at an exclusive dinner event for holders of Trump’s meme coin. The crypto entrepreneur wrote in a social media post that the administration recognizes America’s potential to become “the hottest region for blockchain and crypto.”
He also promised to do “everything” in his “power” to keep it that way.
https://twitter.com/justinsuntron/status/1926157044077265093
Trump shindig draws scrutiny
According to reports, Sun was among notable attendees at the private gathering held at Trump National Golf Club in Virginia. The dinner hosted the top 220 investors of the Trump (TRUMP) coin.
The guest list reportedly included executives from major crypto firms. This includes BitMart, Wintermute, Delphi Digital, CTS International, Hyperithm, Origin, Acheron Trading, Magic Eden, Synthetix, and Kronos.
The event has generated controversy due to Trump’s use of a presidential seal-adorned podium during his address to the crypto investors. According to Forbes, legal experts have raised questions about potential violations of federal law.
They specifically cited Section 713 of Title 18 of the United States Code, which prohibits unauthorized use of the presidential seal in ways that could suggest federal endorsement.
The statute carries penalties of up to six months’ imprisonment or fines for violations. This is because the presidential seal is traditionally reserved for official government occasions. Historical precedent shows that previous administrations like those of Obama and Biden avoided using the presidential insignia during private business activities.
White House Press Secretary Karoline Leavitt addressed conflict-of-interest concerns surrounding the dinner. She emphasized that Trump attended “in his personal time” and clarified that it was “not a White House dinner” or an official government event.
Still, both Democrats and Republicans are taking issue with the fact that Trump and his family are directly profiting off the Official Trump meme coin and granting exclusive access to the U.S. Executive branch to those who pay up — which is what Sun did.
Sun, a China-born entrepreneur and billionaire who once avoided the U.S. altogether due to legal scrutiny surrounding Tron, is suddenly attending a VIP dinner hosted by Trump. According to the Wall Street Journal, he owns some $23 million in Trump’s memecoin.
Other observers are pointing out what they perceive as blatant hypocrisy, considering the Trump family — for years — levied allegations against the Biden family over their business dealings. Congressional investigations followed. Hunter Biden, Trump and his allies alleged, sold access to Joe Biden back when he was vice president during the Obama administration, with no conclusive proof.
Zeteo News editor-in-chief Mehdi Hasan put it bluntly: “Nothing Hunter Biden did comes even close to this level of open corruption.”
