- Justin Sun returns to the United States despite previous charges by the SEC.
- Sun is set to attend a dinner with Donald Trump after securing the top spot among investors in Trump’s cryptocurrency token.
- A wallet linked to Sun holds $18.7 million worth of $TRUMP tokens for the event.
- The SEC paused its legal case against Sun in February 2025 as it works toward a possible settlement.
- Most top investors in Trump’s token, including Sun, are likely non-American, according to CNBC.
Justin Sun, a crypto billionaire facing unresolved fraud charges, has arrived in the United States and plans to join a private dinner with former President Donald Trump. Sun announced his U.S. arrival via an X post, sharing a photo at the Hollywood sign as he began his trip.
A wallet associated with the HTX exchange, which Sun advises, now holds the highest stake with $18.7 million in $TRUMP tokens, securing Sun a seat at Trump’s upcoming dinner. Trump is offering spots at his private event to the top 220 investors in his token, with the largest 25 holders promised access to a VIP reception.
The Securities and Exchange Commission (SEC) initially charged Sun and the Tron Foundation in 2023 with allegations of unregistered securities offerings and token price manipulation through wash trading—an illegal practice of artificially inflating trade volume. In February 2025, the SEC paused its lawsuit to allow time for a “potential resolution.”
Earlier in 2025, Sun purchased $45 million in WLFI tokens launched by World Liberty Financial, a Trump-backed venture, after previously spending $30 million. News reports claimed this deal was a reciprocal arrangement, with the expectation of investment from Trump’s crypto company.
Despite promoting his Tron (TRX) coin as “made in the USA,” Sun’s Tron Foundation was founded in Singapore. CNBC noted that most major investors at Trump’s token event are non-U.S. citizens (source).
During his U.S. trip, Sun also visited a Worldcoin verification orb, where users scan their irises to receive cryptocurrency in exchange for biometric data. The project has increased its influencer outreach, although at least one contracted individual described the experience as a “massive mistake” and declined payment (source).
Legal proceedings involving Sun and the SEC remain unresolved, with the case currently on hold as of February 2025. Full resolution is still pending (details).
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