Overview

• Justin Sun, founder of the Tron blockchain, has become the top holder of $TRUMP tokens, securing an invitation to President Trump's gala dinner on May 22.
• Sun currently holds $18.6M in $TRUMP tokens and has invested $75M in World Liberty Financial, bringing his total stake in Trump-linked crypto ventures to $93M.
• World Liberty Financial directs 75% of its revenue to Trump-affiliated entities, raising questions about financial incentives and potential conflicts of interest.
• Critics have called the $TRUMP token dinner contest potentially unconstitutional and an avenue for corruption, though Trump and ethics officials have not commented.
• The SEC has paused its 2023 fraud case against Sun, reflecting shifting regulatory priorities under the Trump administration.