From Cointelegraph

May 20, 2025 4:54:00 pm:

After weeks of speculation, Tron founder Justin Sun claims to own the wallet that bought the most Donald Trump memecoin, earning him a dinner with the US president. Sun plans to attend the May 22 dinner and discuss the future of the crypto industry. He invested $75 million through World Liberty Financial, backed by Trump’s sons.

Sun’s involvement in Trump’s crypto ventures has sparked calls for investigations by Democratic lawmakers. The concerns have slowed progress on regulating stablecoins, like World Liberty Financial’s USD1. Senator Elizabeth Warren criticized the GENIUS Act, saying it could enable corruption. Maryland Representative Glenn Ivey questioned SEC Chair Paul Atkins on Sun’s investments and the timing of the SEC’s enforcement actions.

Applicants for the memecoin dinner may undergo background checks before meeting Trump. Attendees include Vincent Liu, Oh Sangrok, Kain Warwick, Vincent Deriu, Morten Christensen, an adviser named “Ogle,” and a representative from MemeCore. Sun’s ties to Trump’s crypto ventures have raised conflict of interest and insider trading concerns.

Read more at Cointelegraph: Justin Sun to attend Trump’s dinner with memecoin backers