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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. 🇺🇸
Quote
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.
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