Sensational Event and Perspectives on Cryptocurrency
Justin Sun, the founder of TRON, recently attracted attention by attending a dinner hosted by Donald Trump for the largest holders of the MEME Token TRUMP. At this event, Sun praised Trump's support for cryptocurrency, considering it "one of the best decisions" he has made. Sun believes this could help the United States return to its global cryptocurrency center status. In the past, Sun faced strict restrictions during Biden's administration, but currently, he views Trump's support as a turning point for the industry.
Facing Criticism
Some critics argue that the MEME Token TRUMP is a murky move, potentially even a bribe. Sun quickly rejected these claims, calling such assertions "short-sighted". He believes Trump's cryptocurrency support encourages investors and creators to stay in the United States, reversing the trend of moving to more friendly markets like Hong Kong and Singapore.
MEME Tokens Deserve Respect
Despite opposition at the dinner, Sun remains firmly supportive of MEME Tokens. Some critics, including figures like Dave Portnoy from Barstool, have viewed MEME Tokens as "pyramid schemes" or "gambling". Sun disagrees. He argues that tokens like Doge and SHIB have proven their value by bringing more users into the cryptocurrency space. According to him, MEME Tokens are part of the cryptocurrency business world; some will fail, but others will develop strongly.
Cryptocurrency Community Reactions
Most reactions from the cryptocurrency community have been negative, seeing this as a potential scam and calling it a "corruption cycle". The End Citizens United monitoring group accused Sun of using money to avoid legal troubles and achieve political influence. Sun was reportedly facing SEC accusations before investing 75 million USD in Trump's cryptocurrency company, after which the lawsuit was dropped. With 23 million USD in TRUMP Tokens, Sun was invited to the VIP dinner hosted by Trump.
In summary, Justin Sun views Trump's support as a significant opportunity for cryptocurrency in the United States, despite criticisms and controversies surrounding MEME Tokens and Trump's role in this industry.
