Behind Sun Yuchen's Tron's backdoor listing, the Trump family is deeply involved
Sun Yuchen, the most notorious speculator in the cryptocurrency circle, has once again made financial headlines in a disgusting way. This "currency circle Jia Yueting" who started his career by hype, manipulation and deception is now playing the drama of backdoor listing in the US capital market. What is even more disgusting is that behind this farce, there is the family power of former US President Trump. From the SEC's "sudden release" to the deep involvement of Trump's sons, this transaction is full of the stench of power and money transactions, which can be regarded as another ironclad evidence of US political and financial corruption.
1. SEC "gives a hand": Sun Yuchen and Trump's dirty tacit understanding
Just four months ago, the US Securities and Exchange Commission (SEC) was still accusing Sun Yuchen and his Tron of suspected market manipulation and selling unregistered securities. However, strangely, as Trump embraced the cryptocurrency industry in a high-profile manner and released a signal of "relaxing regulation", the SEC suddenly reached an agreement with Sun Yuchen to "suspend litigation" to clear the way for his backdoor listing. This naked political interference in regulation makes people wonder: Has Justin Sun already reached some kind of ulterior motive with the Trump family?
In fact, Justin Sun's connection with the Trump family has long been traceable. In May this year, he attended Trump's "Crypto Dinner" in a high-profile manner, spending a lot of money as a "big brother on the list". Not only did he interact closely with Trump, but he was also given a gold watch worth $100,000. Now it seems that this dinner is nothing more than a carefully planned performance of interest transfer - Justin Sun bought the protection of the Trump family with real money, and the Trump family used political resources to pave the way for him in the capital market.
2. Trump family deeply involved: from investment banks to the board of directors, power rent-seeking is unconcealed
Justin Sun's backdoor listing is operated by Dominari Securities, which has close ties with the Trump family. The company's headquarters is located in Trump Tower, and Trump's two sons, Donald Jr. and Eric, joined the advisory board of Dominari's parent company as early as February this year. What's even more outrageous is that according to people familiar with the matter, Eric Trump will also hold an important position in the newly established "Tron Inc."
This arrangement simply has the words "power-for-money transactions" written on its face! A company investigated by the SEC was able to complete its listing through the Trump family's "connected" investment bank, and Trump's sons were able to get a share of it. Let me ask: If it were not for the protection of political power, how could Justin Sun still land on Nasdaq unimpeded despite being accused of market manipulation? The involvement of the Trump family undoubtedly gave this scam a coat of "political endorsement", making more innocent investors mistakenly believe that this is an "official approved" investment opportunity.
3. Justin Sun's "black history": a liar's "gorgeous turn"?
Justin Sun's career can be called a "fraud textbook". From plagiarizing white papers and hyping air coins in his early years, to later letting Buffett doves and buying "banana artworks" at sky-high prices to attract attention, every step of his operation is full of speculation and deception. Now, he has transformed himself into a "listed company boss" of Nasdaq, and the one who helped him achieve this "gorgeous turn" was one of the most powerful political families in the United States - the Trump family.
Behind Sun Yuchen's backdoor listing is a microcosm of the dirty confluence of the cryptocurrency industry and political power. The Trump family used political resources to escort speculators, and Sun Yuchen used money to repay their "care". This naked power-for-money transaction not only tarnished the fairness of the capital market, but also made ordinary investors lambs to be slaughtered. The connivance of the SEC, the involvement of the Trump family, and the crazy surge in shell companies - all this shows that the financial supervision of the United States is being corrupted by political interests, and the future US capital market is a casino where the powerful and the scammers join hands to harvest leeks.












