Justin Sun, who once helped shape U.S. policy as Grenada's ambassador to the World Trade Organization during President Biden's crackdown on cryptocurrency, has made a remarkable return to America under entirely different circumstances.

This time, he openly discussed cryptocurrency with President Donald Trump, instead of avoiding discussions with regulators.

Sun's re-emergence signals a potential turning point for cryptocurrency in the U.S., as industry giants anticipate a green light for Tron-based exchange-traded funds (ETFs) - a development that just a few years ago was unimaginable.

Justin Sun Praises Trump's Support for Cryptocurrency

After dinner at Trump's club, where both cryptocurrency supporters and protesters appeared, Justin Sun called that night a significant achievement for U.S. cryptocurrency policy.

Sun told CoinDesk that Trump's support for digital assets is one of his greatest successes as president. All those who hate should really listen and observe. Things are starting to improve in the industry.

There are significant changes in the fate of Justin Sun. A civil fraud case against Trump was opened by the U.S. Securities and Exchange Commission (SEC), but it was halted when he returned to the White House after winning the 2020 election.

Although the SEC has withdrawn its investigations, including investigations focused on Binance and major companies, the Department of Justice is reportedly still investigating Sun, stemming from a case from last year.

Trump's Dinner Sparks Controversy Over Memecoins

Nevertheless, it is clear that the atmosphere in Washington has become very different. The possibility of a Tron ETF has made leading cryptocurrency users see progress in regulation, with Justin Sun at the forefront.

Sun stated that this shows the U.S. is now regaining its global leadership position in cryptocurrency. In the previous government, Singapore, Hong Kong, and Dubai attracted many technology developers and entrepreneurs away from the U.S. But what about now? There are signs that they are coming back.

The dinner hosted by Trump's campaign for cryptocurrency was not a discreet event. Protesters outside the venue voiced their opposition to the president's shift towards memecoins, arguing that this attracts individuals associated with white nationalism. Even Sun was criticized for spending up to $75 million on World Liberty Financial tokens related to the Trump administration.

The Memecoin Debate Heats Up at Consensus 2025

The backlash from fans and the media did not deter Justin Sun. He argued that American democracy is based on the right to free speech. People are allowed to criticize, but what they see is limited. They do not understand the whole picture. While some are excited about TRUMP, others are uncertain, both inside and outside the cryptocurrency industry.

Speaking at Consensus 2025, Barstool Sports founder Dave Portnoy said, I think memecoins are essentially gambling and a Ponzi scheme that quickly comes under scrutiny, but that is not meant to offend them.

However, Sun declined to consider this comparison valid. Larkin argued that meme coins are very important to participants in the cryptocurrency ecosystem. Essentially, it is like business, Sun said.

Sometimes a business thrives and sometimes it fails. That's the spirit of entrepreneurship. The DOGE and SHIB communities have millions of members. TRUMP is now part of the group of officials speaking out in this manner.

Sun Promotes Tron Towards a Comprehensive Cryptocurrency Vision

He emphasized that the goal of Tron is to cover every aspect of the cryptocurrency world, including various cryptocurrencies and user-based tokens. Memecoins truly create value. They give people new reasons to go to the bar. We must ensure that they continue to exist and perform well in our company.

When Sun returned to the U.S., his story shifted from facing trouble to becoming a trusted member of the Trump camp, from being under regulatory scrutiny to supporting ETF investments.

Only time will tell whether this is a true revival for U.S. cryptocurrency or just a break from temporary decline. One thing is very clear to Sun. The digital currency space is closely watching the U.S. once again, he noted. But now, it carries a sense of hope.

Conclusion

Justin Sun's return to the U.S. is also a sign that cryptocurrency policy is maturing in the country. As laws and regulations around digital assets improve with Trump's support, Sun predicts a positive outlook for them in this country. While we still don't know if this optimism will last, cryptocurrency is once again turning its attention to the U.S.