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Justin Sun Plays the Crypto Chessboard—Again

Justin Sun Plays the Crypto Chessboard—Again

Author:
CoinTurk
Published:
2025-05-23 04:43:35
12
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Crypto’s perennial opportunist strikes while the market shudders. Here’s how he’s positioning—and what it means for your portfolio.

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The Sun Strategy: Buy When There’s Blood

No stranger to volatility, the Tron founder’s latest moves suggest he’s doubling down on distressed assets. Classic contrarian play—or just another hype cycle?

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Regulatory Roulette

With global watchdogs scrambling to keep up, Sun’s maneuvers exploit gray areas most institutional players avoid. ’Innovation’ or regulatory arbitrage? Depends who’s funding your think tank.

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Closing Thought: In crypto, the house always wins—until the SEC shows up with a wrecking ball.

Trump’s Era Brings A Softer Regulatory Stance

At the event, Sun expressed his approval of Trump’s open stance towards cryptocurrencies. He recalled how many crypto companies considered relocating to more liberal markets like Hong Kong and Singapore during Biden’s tenure. However, with Trump’s resurgence, Sun noted a change in the U.S. atmosphere. Notably, the U.S. Securities and Exchange Commission paused some significant cases, and discussions around applications for the Tron investment fund generated a sense of renewed hope in the market.

Although there is an ongoing investigation against SUN by the U.S. Department of Justice, a recent lawsuit against Unicoin maintains uncertainty within the industry. Nonetheless, Sun believes Trump’s supportive policies are boosting confidence in the sector. The atmosphere at the attended dinner exemplified the palpable impact of this shift.

Divisions Over Memecoins Continue

The event, which welcomed holders of coins carrying Trump’s name, not only addressed crypto regulations but also drew attention to memecoins—a controversial segment in the industry. Protests at the event and certain media outlets associating coin holders with controversial groups reignited discussions around the social perception of cryptocurrencies. Sun defended such criticisms as an exercise of free speech, affirming everyone’s right to express their views.

Dave Portnoy, founder of Barstool Sports, took a critical stance against memecoins, describing them as short-lived fads and akin to Ponzi schemes. In response, Sun argued that memecoins embody the entrepreneurial spirit within the digital economy. Pointing to examples like Doge and SHIB, Sun highlighted how these tokens have attracted new users and become crucial components of the market.

Justin Sun’s participation in the Trump-backed crypto event in the U.S. signals a renewed alignment between the industry and politics. As expectations of regulatory easing rise with Trump’s influence, divisions over memecoins also deepen.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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