Tron’s Justin Sun Defends TRUMP After Presidential Dinner, Says ‘Memecoins Have Merit’

The final time Justin Sun set foot within the U.S. he was Grenada’s WTO ambassador and was navigating the rocky waters of former President Biden’s crypto crackdown.

Times have modified. Now, he is eating at an occasion hosted by President Donald Trump for the most important holders of his TRUMP memecoin and celebrating a regulatory breakthrough, as issuers eye a possible Tron ETF, signaling a putting reversal in crypto’s American fortunes.

Speaking completely with CoinDesk after the Presidential dinner, which was met by protestors, the Tron founder dismissed allegations that the token is a car for bribery. He referred to as skeptics short-sighted, arguing Trump’s embrace of crypto may spark a brand new period of digital asset innovation in America.

“All the haters need to really pay attention,” Sun instructed CoinDesk, describing Trump’s assist for crypto as one of many President’s finest choices.”There are positive things happening in the industry.”

Sun’s relationship with Trump’s affiliated crypto ventures stretches again to simply after final 12 months’s election, when he purchased as much as $75 million price of World Liberty Financial tokens throughout a number of tranches.

Shortly after Trump took workplace, his Securities and Exchange Commission (SEC) paused a civil fraud case in opposition to Sun, alongside crypto change Binance; the SEC additionally withdrew from or dropped a dozen different instances, although it simply filed a contemporary civil fraud lawsuit in opposition to Unicoin earlier this week. And earlier on Thursday, the Wall Street Journal reported that the Department of Justice, which pursues legal instances, had been investigating the Tron founder since 2021.

Read extra: Where All the SEC Cases Are

He described the dinner as a transparent signal the U.S. is regaining its standing because the crypto’s international hub, marking a pointy reversal from the Biden administration’s battle on the business, which had beforehand prompted crypto corporations to think about offshore strikes.

“At the Trump dinner, some supporters told me they were thinking of leaving the U.S. because of the Biden administration, moving to places like Hong Kong or Singapore,” Sun stated. “Even Consensus started holding events outside of the United States.”

“But now they’ve changed their minds. It brings everybody back into the U.S.,” he continued.

Criticism of Trump’s choice to launch a memecoin has come quick and livid from mainstream media, together with makes an attempt to hyperlink holders of the token to white nationalism.

Sun dismissed this criticism by emphasizing that critics have each proper to precise their views below the First Amendment.

‘Memecoins have advantage’

While protesters met the memecoin trustworthy who attended the TRUMP dinner, skepticism about meme cash is not restricted to outsiders.

At a fireplace chat throughout Consensus 2025, Barstool Sports founder Dave Portnoy described meme cash as primarily “gambling,” questioning their longevity.

“I get why people like it,” Portnoy stated. “It’s a form of gambling, it’s a Ponzi scheme. I don’t mean that in a negative way.”

Sun disagrees. Rather than viewing meme cash as playing or Ponzi schemes, he positions them as professional segments of digital asset markets.

Sun pointed to tokens like DOGE and SHIB as examples of success tales which have helped onboard customers into crypto. He emphasised that Tron’s objective is to assist “every single piece in crypto to grow and become mainstream.”

“I totally think memecoins have merit,” Sun instructed CoinDesk. “It’s just like doing business. Some succeed, some go to zero. That’s entrepreneurship.”

UPDATE (May 23, 06:15 UTC): Adds particulars on Sun’s earlier investigations and extra background.