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