Justin Sun to attend Trump's dinner with memecoin backers
Justin Sun, founder of Tron, claims ownership of the wallet that purchased the largest amount of Donald Trump’s memecoin, qualifying him for a dinner with the president. Sun announced on May 19 that he received an invitation to a dinner for the top 220 memecoin holders, controlling a wallet valued at approximately $19 million. He plans to network and discuss the future of crypto at the event on May 22. Sun invested $75 million in tokens through World Liberty Financial, a crypto platform linked to Trump’s family. His involvement has raised concerns among Democratic lawmakers about potential influence buying and conflicts of interest, particularly regarding the GENIUS Act, which aims to regulate stablecoins. Investigations into Sun's ties to Trump and his SEC lawsuit have been prompted by these developments. Background checks are expected for attendees before meeting Trump.
