Chinese billionaire attended dinner

 

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H.E. Justin Sun 🍌

 

@justinsuntron

Honored to support

@POTUS

 and grateful for the invitation from

@GetTrumpMemes

 to attend President Trump’s Gala Dinner as his TOP fan!

 

As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry. 🇺🇸

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TrumpMeme

@GetTrumpMemes

·

May 20

The Biggest Crypto event of the year is happening this Thursday, May 22. DINNER WITH TRUMP. See you there!

 

Chinese billionaire attended dinner

https://www.yahoo.com/news/trumps-crypto-dinner-black-ties-143738658.html

 

Though the White House refused to publicize the list of dinner guests, one of those who attended was Chinese-born crypto mogul Justin Sun, who announced his plans on social media.

 

"As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry," Sun, who is worth $8.5 billion, according to Forbes, said ahead of the dinner.

 

The U.S. Securities and Exchange Commission sued Sun and his companies — Tron Foundation, BitTorrent Foundation, and Rainberry — in March 2023. The SEC asked for the case to be put on hold in February to explore a resolution.

 

Sun has become perhaps the most prominent buyer of the World Liberty Financial crypto token that Trump partially owns, spending at least $75 million according to posts on X. Sun is a World Liberty adviser.

 

Trump once criticized the crypto industry but has since become a huge booster and investor. He promoted cryptocurrencies on the campaign trail, telling a crowd in Nashville in July 2024 for the Bitcoin Conference that he wanted to make the United States "the crypto capital of the planet and bitcoin superpower of the world." He has promised favorable regulation of the industry, which supported his campaign.

 

The president held a crypto summit in the White House with prominent figures in the industry and signed an executive order establishing a Strategic Bitcoin Reserve and Digital Asset Stockpile. The administration dismantled a Justice Department unit targeting crypto fraud.

 

Trump's financial stake in the industry has raised ethical concerns, though. He launched a pair of cryptocurrency tokens and owns 60% of World Liberty Financial.