Trump Hosts Crypto Gala as Justin Sun Backs TRUMP Coin, Sparks Uproar

TRON founder Justin Sun caused a stir after showing public support for the TRUMP memecoin during a private dinner hosted by U.S. President Donald Trump. The event, attended by major holders of the controversial token, has drawn praise and sharp criticism from the crypto world and political watchdogs.

At that exclusive event, Sun highlighted Trump’s positive take on cryptos, saying it shows leadership that others may follow and refocus attention on the United States. He pointed out that, unlike with the Biden administration, Trump’s positions made crypto developers want to move elsewhere to find better conditions.

According to Sun, Trump is helping by ensuring that top talent stays and new investment capital is brought into the U.S. cryptocurrency industry. Some employees welcomed the comment, while a few pointed out that the message sent by the action was unclear to others.

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Watchdogs Sound Alarm Over Political Influence and Crypto Ties

Backlash quickly followed after details emerged about Sun’s sizable investment in the TRUMP memecoin, reportedly worth $23 million. Critics argued that his presence at the dinner and this investment signaled a conflict of interest. Watchdog group End Citizens United accused Sun of using his financial ties to Trump’s crypto ventures to bypass past legal issues, including unresolved SEC charges.

The group linked his $75 million injection into Trump’s crypto company with dropping regulatory actions. Community members have seen it as an attempt to make it easier to solve crypto-related controversies by involving politicians.

Despite criticism, Sun continued to fight, rejecting accusations of bribery and insisting that memecoins are genuine elements of the blockchain sector. He pointed out that DOGE and SHIB had spotlighted digital currencies and should not be excluded from future analysis.

While some outside groups criticized the dinner, Sun maintained that memecoins are valuable as they help attract new people to cryptocurrency. Many online discussions occurred about his words, as some wondered if this was truly an effort to help new technology or a smart political act.

The high-profile crypto dinner has amplified scrutiny over the intersection of digital finance and politics. TRUMP coin has brought issues of regulation, influence, and the future of crypto in America to the fore as the matter gets more serious.

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