It's 2025, and not much can shock anymore. So learning that Tron founder Justin Sun is also the largest TRUMP memecoin holder is just another day in the world of Trump's second term.

As the biggest holder, Sun now has prime access to the US President via a crypto dinner. That's an interesting turn of events considering the US Securities and Exchange Commission (SEC) had been after Sun only recently.

It's 2025, and not much can shock anymore. So learning that Tron founder Justin Sun is also the largest TRUMP memecoin holder is just another day in the world of Trump's second term.

As the biggest holder, Sun now has prime access to the US President via a crypto dinner. That’s an interesting turn of events considering the US Securities and Exchange Commission (SEC) had been after Sun only recently.

A case involving civil-fraud charges was paused for 60 days after Sun invested millions in the Trump-affiliated World Liberty Financial’s WLFI token.

🚨URGENT: The Curious Case of Justin Sun and Trump's Crypto Token.March 2023: The SEC charges crypto mogul Justin Sun with fraud.December 2024: Sun buys $30 million worth of Trump's WLF crypto tokenFebruary 2025: The SEC pauses legal action against Sun, stating they're...

— Steve McClellan (@stevmcclellan) February 20, 2025

Sun, who holds US$18.6 million (AU$28.8 million) worth of the presidential memecoin, took to Crypto Twitter and said that he was "[h]onored to support POTUS and grateful for the invitation from GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan!"

He added how he was looking forward to discussing the future of crypto (and probably his own):

Honored to support POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan! 🤩

Looking forward to the conversation with President Trump on the future of #crypto and Web3!

Stay tuned for more updates.

Together, let's make America great again! 🇺🇸 @realDonaldTrump pic.twitter.com/oIhj3qKIVz

— Justin Sun (@justinSUN) February 19, 2025

While no doubt good for Sun and maybe even good for crypto, it nevertheless raises ethical concerns. Or as watchdog group Accountable.US called it: "corruption unfolding in real time".

Tony Carrk, executive director of Accountable.US warned that the token competition would likely open venues for foreign state and corporate influence over Trump, with "little oversight".

"This administration campaigned on a promise to 'drain the swamp,' but President Trump is opening the door to some of the riskiest, most predatory actors in the financial world," Carr said.

"The potential for corruption and foreign interference is immense, and there will be virtually no consumer protection."

Meanwhile, SEC Chair Paul Atkins had to endure some questions of his own at Tuesday’s House Appropriations Committee hearing, which also looked into Trump’s memecoin venture and his family’s ties to Sun.

Atkins was pressed by lawmakers like Rep. Glenn Ivey, who warned that the Trump family’s memecoin launches and subsequent ‘dumps’ do "smell very bad" and questioned Justin Sun’s continued support despite the ongoing case.

Atkins responded that memecoins are simply new "collectibles" outside the jurisdiction of securities law and vowed to pursue crypto oversight through "notice and comment rulemaking rather than regulation via enforcement".