Justin Sun Backs TRUMP Memecoin, Critics Cry ‘Crypto Corruption’

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Tron founder Justin Sun is making headlines after attending a dinner hosted by Donald Trump for the biggest holders of the TRUMP memecoin. In the gala event, Sun called Trump’s support for crypto “one of his best decisions,” saying it could help the U.S. return to being a global crypto hub. Just a few years ago, Sun was navigating Biden-era crypto restrictions. Now, he sees Trump as a turning point for the industry.

No, It’s Not Bribery, Says Sun

Some critics have accused the TRUMP memecoin of being a shady move, possibly even a bribe. Sun quickly shut that down, saying those claims are “short-sighted.” He believes Trump’s embrace of crypto is encouraging investors and innovators to stay in the U.S., reversing the trend of moving operations overseas.

From Pushback to Progress

Sun recalled how several U.S. crypto supporters, frustrated with strict regulations under Biden, were thinking about relocating to friendlier regions like Hong Kong or Singapore. But now, Sun says, Trump’s positive stance on crypto is changing minds and keeping talent in the U.S.

Memecoins Deserve Respect

While the dinner saw its share of protesters, Sun stood firm in support of memecoins. Critics, including media and even figures like Barstool’s Dave Portnoy, have called memecoins “Ponzi schemes” or “gambling.” Sun disagrees. He argues that coins like DOGE and SHIB have proven their value by bringing more users into the crypto space. According to him, meme coins are just another part of crypto’s entrepreneurial world; some will fail, but others will thrive.

Sun sees the TRUMP token and memecoins in general as legitimate players in the crypto economy. “They have merit,” he said. And with the U.S. warming back up to crypto, especially under Trump, Sun believes this could be the start of a new crypto boom.

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Crypto Reaction

Mostly, the crypto reaction is negative as they see it as a possible scam and call it a “cycle of corruption”. The watchdog group End Citizens United is calling out Tron founder Justin Sun, accusing him of using money to dodge legal trouble and gain political access. The group claimed that Sun was facing SEC charges before investing $75 million into Trump’s crypto company, and soon after, the case was dropped. Now with $23M in Trump coins, he earned a VIP tag in the gala dinner hosted by TRUMP.  The community is furious with Trump’s role in handling the crypto criminals.