After the weeks of speculation with crypto lovers and news outlets, Tron Sun founder Justin Sun claimed that he had a purse who bought the greatest amount of Memecoin’s Donald Trump, allowing him to qualify for a dinner and welcoming the US president.
In a post of May 19 x, day Says He received an invitation to attend Trump’s dinner at his golf club outside Washington, DC, as part of a reward for the top 220 memecoin holder. The founder of the Tron announced that he was controlling the top purse on the Trump’s token leaderboard under the “Sun” username, approximately $ 19 million worth of memecoin for $ 13.20.
According to Sun, he plans to network at May 22 Memecoin Dinner, “Talk Crypto,” and “Discuss the future” of the industry. It is unclear why the founder of the Tron chose to express his planned presence at the event today, after the leaderboard ended on May 12.
The cointelegraph handed over a speaker for the Sun to comment, but did not receive a response at the time of publication.
Although it is not a surprise to many who think that the Sun is the individual behind memecoin purchases, his dinner attendance only deepens his relationship with Trump’s management and the President’s family. In addition to dinner for 220 tokenholders, Trump said he would make the “VIP tour” for the top 25 leaderboard purses.
Related: What to expect at Trump’s memecoin dinner
Day Spend $ 75 million on tokens Through the World Liberty Financial, the Crypto platform supported by Trump’s three children, including a $ 30 million investment a few weeks after the 2024 election. The founder of the Tron was also a counselor in the company.
Before Trump won the November election, it became the day facing a lawsuit From the US Securities and Exchange Commission (SEC) filed in 2023 to the alleged “orchestation of unregistered offers and sale, manipulative trading, and unlawfully undergoing crypto asset security security.” In February, about a month after Trump was appointed and appointed commissioner Mark Uyeda as the acting chairman of the SEC, the regulator and day together filed a motion For a federal judge to stay in the case, granted.
Potential conflicts of memecoin interest affect Congress
The participation of Sun and others in Trump’s Crypto Ventures’ ventures Calls urged for investigations and supervision of many democratic lawmakers, who argue that some individuals may use digital assets to make it important to buy the President’s influence. The concerns at first Slowly developing a bill To organize stablecoins in the Senate, the Genius Act, which is complicated by the Stablecoin of World Liberty Financial, USD1. The room vote to move forward On the bill on May 19, hours before Sun’s announcement.
“How convenient are you: The day after the Senate is advancing the Genius Act, Justin Sun – a major investor in the Trump family adventure – announced that he is getting a private dinner as the leading buyer of the President’s crypto,” Says Massachusetts Senator Elizabeth Warren, according to Bloomberg. “It is critical that everyone understands the Genius Act does not stop this kind of corruption – it’s green.”
https://www.youtube.com/watch?v=VZ6HJ457Iws
At a hearing of May 20, Maryland representative Glenn Ivey Question SEC Chair Paul Atkins in the case of Sun’s case, as well as his investment in Trump’s World Liberty Financial and Memecoin. Although the case remained before the Atkins swore as a seat, Ivey expressed anxiety about the timeline between Sun investments and the SEC without pursuing the self -implementation action.
Applicants at memecoin dinner are still likely to subject to background checks Before Trump meets in person. Until May 20, planning to attend with Kronos Research Chief investment officer Vincent Liu, Hyperithm co-Ceo Oh Sangrok, Synthetix founder Akin Warwick, a consultant named Vincent Deriu, Crypto use Pseudonym “Ogle,” and a representative from Startup Memecore.
Magazine: Crypto adventures of Trump’s crypto raises conflict of interest, insider trading questions
