Justin Sun Stands Firm on TRUMP Memecoin as Tron (TRX) Faces Regulatory Scrutiny

In a bold move amid shifting regulatory landscapes, Tron founder Justin Sun has publicly defended the TRUMP memecoin following a controversial gathering hosted by former President Donald Trump. The event, which saw protests outside the White House, highlights the ongoing tension between cryptocurrency innovators and regulatory bodies. Sun’s stance marks a significant moment for Tron (TRX) as it navigates these challenges.

Justin Sun Defends TRUMP Memecoin Amid Regulatory Shifts

Justin Sun, founder of Tron, has publicly defended the TRUMP memecoin following a controversial dinner hosted by former President Donald Trump for the token’s largest holders. The event, which drew protests outside the White House, marked a stark contrast to Sun’s previous encounters with U.S. regulators during the Biden administration.

Sun dismissed allegations of the token being a bribery vehicle, framing critics as short-sighted. He argued Trump’s pro-crypto stance could catalyze a new wave of digital asset innovation in the U.S. Regulatory progress was evident, with issuers now eyeing a potential Tron ETF—a development that signals shifting fortunes for crypto in America.

The TRON founder’s remarks came as memecoins continue to polarize the industry. "All the haters need to really pay attention," Sun told CoinDesk, doubling down on his belief in the merit of such assets despite their speculative nature.

SEC Advances Regulatory Review for Proposed Tron ETF

The U.S. Securities and Exchange Commission has formally acknowledged Canary Capital’s staked tron ETF filing, marking a critical step in the regulatory review process. The proposal, submitted through Cboe BZX Exchange, seeks to provide institutional investors with regulated exposure to TRX alongside staking rewards.

BitGo’s selection as custodian underscores the fund’s emphasis on security and compliance. Surveillance mechanisms embedded in the ETF structure aim to mitigate market manipulation risks—a key consideration for regulators evaluating crypto investment products.

This development follows April 2025’s initial filing and signals growing institutional interest in blockchain-based yield mechanisms. The public comment period now open could shape the final product’s structure before potential approval.