Justin Sun Welcomes Trump’s Win, Envisions Pro-Crypto Shift in U.S. Policya

Following the election of Donald Trump as the 47th president of the United States, Justin Sun, founder of Tron, took to social media platform X to extend his congratulations.

Trump’s victory, celebrated by many in the crypto industry, has fueled optimism that pro-crypto policies may emerge, potentially shifting the regulatory landscape, particularly in relation to the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler.

In a lighthearted comment, Sun mused on the future of Gensler’s role, noting Trump’s campaign promise to replace the SEC chair on his first day. Sun hinted at the possibility of employing Gensler if he approached the industry with genuine openness, jesting that he should observe from the sidelines, much like the treatment crypto firms feel they’ve endured under current regulatory practices.

Trump’s pro-industry stance has already sent waves through the market, pushing Bitcoin to a fresh all-time high of $75,358, as the market surged approximately 7% in the 24 hours following the election.

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Sun’s post echoed a broader sentiment within the crypto community, as prominent figures like Coinbase’s Chief Legal Officer, Paul Grewal, called for a shift from punitive measures to constructive engagement with the sector. Grewal remarked that the election results signaled a call for change, urging the SEC to cease its lawsuits against crypto companies and work toward clearer regulations.

Coinbase CEO Brian Armstrong also highlighted the impact of crypto’s voter base, interpreting the election outcome as a win for the sector. Together, these voices reflect a renewed hope within the industry that the new administration may foster a more supportive environment for digital assets.

Alexander Stefanov

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.