Crypto’s founder’s stake in a venture related to Trump is currently over $93 million. He is currently in discussions with the U.S. Securities and Exchange Commission to resolve civil fraud allegations. Dinner is part of a sweepstakes-style campaign linked to a card token, giving exclusive access to top 25 owners.
Encrypted entrepreneur Justin San has appeared as the leading owner of Trump-themed meme token $Trump, securing an invitation to a private dinner with President Donald Trump and ensuring access to the VIP Gala Reception.
Dinner was part of a sweepstakes-style campaign linked to a card token, allowing exclusive access to the top 25 owners.
Sun announced at X late Monday that he had surpassed the leaderboard, holding tokens worth around $18.6 million.
Thank you for supporting @potus and for inviting me to join President Trump’s gala dinner from @gettrumpmemes as his top fan!
As a top holder for $Trump, I am excited to connect with everyone, speak codes and discuss the future of our industry. https://t.co/fyb39ltwdz
– He is Justin Sun (@justinsuntron) May 20, 2025
“I am honored to support @potus and thank you for inviting me to join President Trump’s gala dinner from @gettrumpmemes as his top fan!” Taiyo wrote.
“As a top holder for $Trump, I’m excited to connect with everyone, speak codes and discuss the future of our industry.”
Justin San and Trump’s Cryptographic Project
In addition to his $Trump holding, Sun has invested $75 million in World Liberty Financial. This is another Trump-related crypto initiative that Trump’s sons described as a decentralized bank.
According to its structure, 75% of the platform’s revenue flows to entities owned by Trump.
Together, Sun’s investment across Trump’s crypto ecosystem is now over $93 million.
Born in China, Sun is the founder of the Tron blockchain.
He is currently in discussions with the U.S. Securities and Exchange Commission to resolve civil fraud allegations.
The founder of Crypto was sued by the U.S. Securities and Exchange Commission in 2023. This claimed to have coordinated the sale of securities with unregistered offers through entities owned and controlled by him.
Both the SEC and SUN legal teams are reportedly trying to suspend the case now, as former SEC chair Gary Gensler is no longer in the agency.
Trump’s Meme Coin Dinner Controversy
Trump’s plan to host the event sparked controversy with Democrats Elizabeth Warren and Adam Schiff calling for a federal ethics investigation.
They argue that the initiative corresponds to a “payment” scheme filled with “corruption and foreign influence,” and that a considerable number of traders involved in the coin appear to be based outside the US.
According to CoinmarketCap, the $Trump token rose about 4% on Tuesday to trade at $13.23.
Its price values its distribution supply at $2.65 billion, making it the top 40 cryptocurrency by market capitalization.
Despite its rating, $Trump Token, like many meme coins, does not have the underlying products or utilities.
The website reveals that the token is “not intended or intended to be a subject of investment opportunities, investment contracts, or any type of security.”
