Justin Sun’s Endorsement of TRUMP Memecoin Sparks Debate Amid TRX Price Stability
Tron founder Justin Sun recently made headlines by attending a gala dinner hosted by Donald Trump, specifically for prominent holders of the TRUMP memecoin. This event has ignited a mix of support and criticism, with Sun praising Trump’s pro-crypto stance as a potential game-changer for the U.S. crypto landscape. Meanwhile, TRX’s price remains steady at 0.27050000 USDT, reflecting a period of stability amidst the political buzz.
Justin Sun Backs TRUMP Memecoin, Critics Cry ‘Crypto Corruption’
Tron founder Justin Sun attended a gala dinner hosted by Donald TRUMP for prominent holders of the TRUMP memecoin, sparking both support and criticism. Sun praised Trump’s pro-crypto stance as a pivotal move that could reposition the U.S. as a global crypto hub. This marks a stark contrast to the regulatory challenges Sun faced during the Biden administration.
The event highlighted the growing intersection of politics and cryptocurrency, with SUN emerging as a vocal advocate for Trump’s crypto policies. Critics, however, decried the gathering as emblematic of ’crypto corruption,’ questioning the motives behind such high-profile endorsements.
SEC Reviews TRX Staking ETF Filing as Crypto Investment Interest Grows
The U.S. Securities and Exchange Commission has begun reviewing Canary Capital’s proposal for a staked TRX exchange-traded fund, filed through the Cboe BZX Exchange. This marks a potential first for U.S. markets—an ETF offering exposure to staked TRON tokens.
Regulators opened a public comment period but have yet to signal approval intentions. The MOVE coincides with delayed decisions on other crypto ETF proposals, including products tied to XRP and Litecoin.
Staking-based investment vehicles continue gaining traction as institutional interest in crypto yield strategies intensifies. The TRX ETF could set precedent for how regulators treat proof-of-stake assets under securities laws.
Tron Price Holds Steady After Justin Sun’s Meeting with Donald Trump
Tron’s TRX token showed muted price action following a high-profile meeting between crypto billionaire Justin Sun and former U.S. President Donald Trump. The digital asset traded at $0.2680, slightly below its weekly peak of $0.2805, continuing a consolidation pattern that began in January.
Sun, revealed as the largest holder of Trump’s meme coin, attended an exclusive VIP dinner where cryptocurrency’s future reportedly featured in discussions. The tron founder’s substantial investments in Trump-affiliated projects, including World Liberty Financial, underscore growing ties between political figures and crypto entrepreneurs.
