Justin Sun, the founder of Tron, defended former President Donald Trump's endorsement of the TRUMP memecoin following a recent dinner for its largest holders. Addressing the criticism of the token as a potential bribe, Sun regarded the skepticism as misguided, stating that Trump's involvement could mark a turning point for crypto innovation in the U.S. During a transformative period in U.S. crypto regulation, Sun noted that many had considered moving offshore due to unfavorable conditions, but Trump's support could help revitalize the American crypto scene. Even amid protests at the dinner, Sun asserted that memecoins like DOGE and SHIB have merit in the digital asset landscape. He distinguished their role as part of a legitimate entrepreneurial ecosystem, emphasizing that some projects will succeed while others may fail, akin to standard business ventures.

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