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.
The latest WuBlockchain Weekly report captures a high-volatility week in crypto. From Bitcoin’s new all-time high to controversy around Pump.fun’s presale and Elon Musk’s political Bitcoin endorsement, markets are witnessing sharp shifts in momentum and policy.
U.S. financial circles are bracing for a potential shake-up as reports suggest Federal Reserve Chair Jerome Powell is considering stepping down.
Gold advocate Peter Schiff issued a stark warning on monetary policy and sparked fresh debate about Bitcoin’s perceived scarcity. In a pair of high-profile posts on July 12, Schiff criticized the current Fed rate stance and challenged the logic behind Bitcoin’s 21 million supply cap.
Changpeng Zhao, the former CEO of Binance, reportedly supported crypto projects linked to the Trump family while privately seeking a presidential pardon, according to a July 11 report by Bloomberg News.