Tron (TRX) Poised for Growth as Justin Sun’s Meeting with Trump Sparks Crypto Policy Optimism

In a significant development for the cryptocurrency sector, Justin Sun, founder of TRON and advisor to HTX, recently held a private dinner with former U.S. President Donald Trump. This meeting has fueled speculation about potential shifts in U.S. crypto policy and market dynamics. Sun, who also holds a substantial position in the TRUMP token, appears to be positioning himself as a key intermediary between Web3 ecosystems and U.S. regulatory frameworks. Trump’s known pro-crypto stance adds weight to this interaction, suggesting more than just symbolic alignment. Currently, TRX is trading at 0.27130000 USDT, and this high-profile engagement could signal bullish momentum for Tron’s native token. The crypto community is closely watching how this relationship might influence future regulatory clarity and adoption, potentially creating new opportunities for TRX and the broader digital asset market.

Justin Sun Meets Trump: A Potential Inflection Point for Crypto Policy and Market Dynamics

Justin Sun’s private dinner with former U.S. President Donald Trump has ignited speculation about a seismic shift in crypto politics. The TRON founder and HTX advisor—who also holds a significant position in the TRUMP token—may be positioning himself as a bridge between Web3 ecosystems and U.S. regulatory frameworks.

The meeting signals more than symbolic alignment. Trump’s pro-crypto stance and his family’s involvement in WLFI create tangible pathways for projects like $HTX and $TRX to influence policy. Market observers note this convergence could accelerate institutional adoption, particularly through HTX’s exchange infrastructure and TRON’s liquidity network.

Strategic timing underpins the move. With the 2024 election cycle approaching, crypto-friendly legislation appears increasingly plausible. Sun’s dual role as a major TRUMP holder and blockchain entrepreneur suggests coordinated advocacy for regulatory clarity—a development that would disproportionately benefit exchange-listed assets like $TRX.

U.S. Sanctions Funnull and Huione-Linked Crypto Wallets Over $200M Pig Butchering Scam

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Funnull Technology, a Philippines-based firm accused of providing infrastructure for cryptocurrency pig butchering scams. The company allegedly facilitated over $200 million in victim losses and supplied IP addresses to cybercriminals.

Two ethereum and Tron wallets tied to Huione Group—recently flagged by FinCEN as a money laundering concern—received more than $4 million in proceeds. Blockchain analytics firm Elliptic identified these addresses as direct recipients of funds from Huione Pay.

Funnull administrator Liu Lizhi was also sanctioned. Elliptic notes the majority of crypto scam websites reported to the FBI trace back to Funnull’s infrastructure, underscoring the scale of its alleged operations.

TRX Faces Bearish Pressure Amid Market Turbulence

Tron’s native token TRX dropped sharply to 27 cents amid high-volume selling, reflecting broader market instability driven by geopolitical tensions and shifting investor sentiment. The token briefly fell below 27 cents before showing resilience with a minor recovery.

Trading volume spiked to 156.716 million during the decline, signaling sustained selling pressure. Volatility ranged between $0.278 and $0.268, with the rebound suggesting a tentative support level at $0.27.