On July 28, TRON founder Justin Sun, in a post on social media platform X (formerly Twitter), called on China to review its regulatory framework for digital assets, echoing the pro-cryptocurrency sentiments of US presidential candidate Donald Trump. Sun noted that US policy has become more favorable to Bitcoin after Trump's remarks, and expressed the opinion that similar changes in China could benefit the global crypto industry.
Sun's comments follow his recent legal victory against Chongqing Business Media Group, which falsely accused him of insider trading and FBI investigations. Sun sees this victory as an important step towards legitimizing cryptocurrency in China.
China previously imposed strict restrictions on digital assets, including a ban on cryptocurrency transactions and the closure of exchanges in 2021. Sun believes China's repositioning could encourage healthy competition with the US in the crypto space.
Subscribe to the blog @Sasha why NOT here we publish new articles, videos and other materials that will help you make informed investment decisions. My investment show investment show
Also follow our investigation into the listing of tokens on BINANCEbefore it is blocked.