Following the weeks speculation between Crypto’s enthusiastic and news outlets, Tron’s founder Justin Sun has claimed that he is the owner of the wallet that bought the biggest amount of Donald Trump’s Memcoin, so that he can qualify for dinner and reception with the US President.
In the X post of May 19, Sun Said 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 Memcoin holders. The founder of Tron claimed that he controlled the top wallet under the user name “Sun” on the Trump Token Leaderboard, which was worth about $ 19 million of memecoin at a price of $ 13.20.
According to Sun, he plans to network on the 22 May Memcoin dinner, “Talk Crypto,” and “discussion on the future”. It is not clear why the founder of Tron chose to announce his planned presence in the event when the leaderboard was finalized on 12 May.
Cointelegraph reached a spokesperson for the Sun for comment, but did not receive a response at the time of publication.
Although there is no wonder for many people that it was estimated that the Sun was a person behind the purchase, their presence in dinner deepens only the Trump administration and the President’s family. In addition to the dinner for 220 token heals, Trump said he would hold a reception for the top 25 purse on the leaderboard and “VIP Tour”.
Connected: What do you expect at Trump’s Memcoin dinner
Sun spent $ 75 million on tokens through the World Liberty Financial, a crypto platform supported by three sons of Trump, including an investment of $ 30 million a few weeks after the 2024 election. Tron is also the advisor to the founder company.
Prior to winning the November election, Sun was filed in 2023 from the US Securities and Exchange Commission (SEC), which was “unregistered proposals and alleged orchestrations of illegal tauating of illegal touches of the manipulation, manipulation business and crypto asset securities.” In February, about a month after Trump took over and commissioner Mark Uyada was appointed as the acting chairman of SEC, the regulator and Surya jointly filed a proposal for a federal judge to remain a case, which was provided.
Possible conflicts of Memcoin’s interests are affecting Congress
The involvement of Sun and others in Trump’s Crypto Ventures has motivated a call for investigation and inspection between several Democratic MPs, who argued that some individuals may use digital assets to use digital assets to purchase an impact with the President. Concerns initially slowed down the progress on a bill to regulate Stabecrims in the Senate, Genius Act, complicated by the World Liberty Financial’s own Stabecrim, USD1. The Chamber voted to proceed on the bill on May 19, a few hours before the Sun’s announcement.
“How convenient is: the day after the Senate, the Genius Act, a prominent investor in the Justin Sun – Trump Family Crypto enterprise – announces that he is receiving a private dinner as the President’s top crypto buyer,” Said According to Bloomberg, Massachusetts Senator Elizabeth Warren. “It is important that everyone understands that the Talent Act does not stop this type of corruption – it is green.”
https://www.youtube.com/watch?v=VZ6HJ457IWS
In May 20 hearing, Maryland representative Glenn Ive Questioned SEC President Paul Atkins was in the case of Surya, as well as his investment in World Liberty Financial and Trump’s Memcoin. Although the case was stopped before taking the swearing in as a chair, IVey expressed concern about the timeline between the Sun’s investment and SEC was not chasing his own enforcement action.
Memcoin dinner applicants are probably subject to background check before visiting Trump. By May 20, among those who plan to participate in those who plan to participate in Chronos Research Chief Investment Officer Vincent Liu, Hypertham cum-CEO Oh Sangrok, Synthet’s founder Cin Warvik, a consultant named Vincent Daryu, Crypto User Mortan Crisntenson, a World Liberty Financial Advisor, who is a Representative of Poodle. “Ogal,” and started with a representative.
magazine: Trump’s crypto venture enhances conflict of interests, Insider Trading Questions
