Justin Sun, founder of Tron blockchain, announced this week that he has purchased another memorial of Donald Trump, $$Trump. The Sun already has a lot of assets. The crypto tycoon also announced that coins will soon be traded on his blockchain.
All of this complicated all this is the fact that Sun still seems to be in trouble in the civil fraud case filed against him by the Securities and Exchange Commission. In 2023, the SEC launched a lawsuit against Sun and its company, accusing them of market manipulation. In February, the report indicated that the Securities and Exchange Commission (SEC) was seeking potential solutions to the case. Soon after, the Sun invested $30 million in another Trump crypto project, World Free Finance. Since then, it has not been updated.
“Trump $ on Tron is the currency of #Maga,” Sun wrote on Wednesday.This move underscores our belief in collaborating in ecosystems to develop the cryptocurrency landscape. ” he added.
You might think that buying tens of millions of dollars in presidential cryptocurrencies is a conflict of interest and seems to be a conflict of interest while struggling in federal law cases – but it is not particularly shocking now. Given the level of suspicious behavior currently taking place, the Trump administration’s slogans may also re-accept the conflict of interest again.
It’s a bit mysterious about why the Suns are so interested in Trump’s crypto project. CNBC Note:
The $trump Coin has been whipping since its launch in January, reaching a market value of $15 billion on the first day of the deal As of July, before a sharp decline to about $2 billion. Meanwhile, the complementary $Melania token fell to more than 90% from its January issue price to $141 million.
The Sun is an interesting character, and there is obviously a lot of money to burn – maybe too much. Last year, he bought a piece of art for $6 million, a piece of art that was stuck to a wall from a banana. He then ate bananas, showing some creativity when producing absurd ways to burn cash for no reason. His companies include Tron Foundation Limited, Bittorrent Foundation Ltd. and Rainberry Inc. (formerly Bittorrent).
