Justin Sun Dismisses Bribery Allegations After $TRUMP Memecoin Gala With Trump

Justin Sun, the founder of the Tron network, has officially denied allegations of bribery related to the investment in the memecoin TRUMP. The incident occurred after a high-profile dinner hosted by former President Donald Trump exclusively for the top investors of this token at the Trump National Golf Club in Virginia. Justin Sun Speaks Out: "Criticism is Shallow" At the event, Justin Sun, the owner of the TRUMP wallet worth 18.5 million USD – the highest among investors, was welcomed as a VIP. He completely dismissed the accusations that the event was a form of disguised bribery aimed at influencing politics, calling those criticisms "short-sighted." According to Sun, organizing this meeting is not only a social activity but also represents a turning point in the cryptocurrency policy of the United States. Sun pointed out that the restrictive policies of President Biden's administration have forced many entrepreneurs in the cryptocurrency sector to leave the US in search of a more favorable legal environment. However, according to him, Donald Trump's recent public support for the crypto industry is a positive sign, indicating that the US is opening its doors to blockchain businesses and investors. The Glamorous Event Attracts Hundreds of Millions of USD, Raising Concerns About Foreign Influence Trump's dinner party brought together the biggest investors in the TRUMP token from around the world. According to reports, a total of about 148 million USD was spent to purchase entry rights, with the top 25 wallets contributing around 111 million USD. VIP guests were also invited to a private cocktail party and received a limited edition Trump watch. Blockchain data also shows that more than half of the 220 attendees came from outside the United States. This has raised concerns among lawmakers about the influence of foreign capital in the context of Trump's re-election campaign. American Politicians React Strongly, Demand Transparency and Control Ahead of the event, Congresswoman Maxine Waters (D-CA) introduced a bill titled "The Stop Trump from Profiting from Crypto Act of 2025," aimed at prohibiting presidents and their family members from owning or profiting from cryptocurrencies. Senator Elizabeth Warren and several other politicians have also called for clarification on the legality of Trump's fundraising through cryptocurrency. They questioned whether there was an abuse of public office for personal gain through investment channels like memecoin. Nevertheless, White House spokesperson Karoline Leavitt asserted that Mr. Trump had transferred all his assets into the (blind trust), and does not directly manage it. Memecoin: A New Financial Tool or a Market Manipulation Trick? While large investors made enormous profits — around 1.5 billion USD from the TRUMP coin, hundreds of thousands of retail investors had to bear losses of up to 4 billion USD. This has raised suspicions about market manipulation and the exploitation of ordinary users. However, Justin Sun remains steadfast in defending memecoin, arguing that they are "a legitimate part of the digital asset industry." He cites examples such as DOGE and SHIB — coins that were once underestimated but have made significant contributions to the popularization of cryptocurrency among the public. "In the startup world, those who perform well will survive. That's also how the crypto market operates," Sun stated. What Future Awaits for memecoin and Crypto in American Politics? With the increasing involvement of political figures in the cryptocurrency market, the line between financial investment and political activity is becoming blurred. The TRUMP token event is not just a gathering of investors, but also a signal that cryptocurrency is becoming a strategic tool in the election campaign in the US. As the debate continues, observers are closely watching whether the legalization, regulation, and transparency of crypto in politics will become a trend or just a short-term wave.