Sun Yuchen, founder of TRON, expressed highly constructive views on the core issue of 'social responsibility in the cryptocurrency industry' during a roundtable discussion at the Hong Kong Crypto Finance Forum. He emphasized that cryptocurrencies should not become a safe haven for criminals, and industry practitioners have the obligation to self-regulate and actively assist regulatory enforcement to establish a good industry image and credibility. This position not only demonstrates TRON's emphasis on social responsibility but also points the way for the sustainable development of the entire cryptocurrency industry.
Emphasizing compliance construction: Refusing to become a tool for crime
Sun Yuchen candidly stated in his speech that although cryptocurrencies are often misunderstood by the public as a 'hotbed of crime,' in fact, cash transactions in the traditional financial system account for a higher proportion of money laundering, fraud, and other crimes. However, the cryptocurrency industry, as a frontier of emerging technology, faces stricter social scrutiny and policy challenges. He emphasized that if the industry wants to gain broader recognition, it must hold itself to higher standards and actively eliminate opportunities for illegal use of cryptocurrency assets.
To fundamentally improve the industry's level of compliance, TRON has partnered with Tether and blockchain intelligence company TRM Labs to establish the 'T3 Financial Crime Unit' (T3 FCU). This group has successfully assisted global law enforcement agencies in freezing over $130 million in related cryptocurrency assets, covering various fields such as fraud, ransomware, and drug trafficking. Sun Yuchen stated that this multi-party cooperation mechanism has established an important compliance defense line for the industry and conveyed a clear message to society — the cryptocurrency sector does not welcome criminals.
Industry Representative: Actively cooperates with international law enforcement
TRON has not stopped at governing its own platform but is actively expanding cooperation with law enforcement agencies in various countries. This includes establishing stable cooperative relationships with the U.S. Department of Justice, the Hong Kong Police Force, and law enforcement agencies in Spain, accumulating rich experience in combating international cryptocurrency crime.
Sun Yuchen pointed out that this cooperation not only enhances the transparency and security of the platform but also promotes regulatory agencies' understanding of cryptocurrency technology, thus helping to form a more scientific and reasonable regulatory framework. He encourages more blockchain companies to engage in constructive dialogue with regulators to jointly promote the orderly development of the industry within rules.
Building trust: Guiding the industry towards a sustainable future
Sun Yuchen particularly emphasized that in the current accelerated development of the global digital economy, trust is the key to whether blockchain technology can gain acceptance in mainstream society. We must build a cryptocurrency world with clear boundaries that does not shelter illegal activities to earn long-term respect.
Through comprehensive improvements in compliance construction, transparent mechanisms, and a sense of social responsibility, TRON is attempting to set an example for the industry, promoting the entire cryptocurrency ecosystem from 'barbaric growth' to 'orderly development.' This is not only a response to current skepticism but also a deep layout for the future industry landscape.
At the intersection of emerging technologies and traditional systems, Sun Yuchen insists on a corporate value of responsibility first, outlining a sustainable and responsible path for the industry. As more and more companies respond to compliance calls, the future of the cryptocurrency industry is expected to be clearer and more transparent.
