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Justin Sun Urges China to Embrace Crypto Regulation Following Trump’s Pro-Crypto Stance

29.07.2024 8:00 1 min. read Alexander Stefanov
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Justin Sun Urges China to Embrace Crypto Regulation Following Trump’s Pro-Crypto Stance

Justin Sun, the founder of TRON, has called on China to adopt a more favorable stance towards cryptocurrencies, echoing recent pro-crypto sentiments from U.S. presidential candidate Donald Trump.

In a post on social media platform X (formerly Twitter) on July 28, Sun urged China to advance its regulatory framework for digital assets.

He highlighted that U.S. policies have become more supportive of Bitcoin following Trump’s advocacy, suggesting that similar progress in China would benefit the global crypto industry.

Sun’s comments follow a recent legal win over Chongqing Business Media Group, which had falsely accused him of insider trading and FBI investigations. Sun views this victory as a significant step towards legitimizing cryptocurrency in China.

China had previously imposed strict regulations on digital assets, including banning cryptocurrency transactions and disallowing exchanges in 2021.

Sun believes that a shift in China’s stance could foster healthy competition with the U.S. in the crypto space.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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