Tron (TRX) Founder Justin Sun Announces Plans To Return to Crypto World As Regulator
Tron (TRX) founder Justin Sun is announcing his return to the crypto world with the goal of becoming a regulator.
In a lengthy thread, Tron founder Justin Sun says that he’s stepping down from his position of representing the island nation of Grenada at the World Trade Organization (WTO) with plans to continue his public service as a regulator.
According to Sun, public servants focused on regulating digital assets are key to the future of trade and development.
“In the coming months, I will be focusing on the smooth transition of my duties to my successor. Afterward, I plan to take some time to rest before continuing my career as a public servant, with a particular focus on the digital economy and crypto regulation…
As I believe that these areas are crucial to the future of trade and development.”
However, the former CEO did not disclose which specific regulatory agencies or positions he was aiming for.
Sun founded Tron, a rival of the second-largest crypto asset by market cap Ethereum (ETH), in 2017 in Singapore. In December 2021, Sun resigned from his position as CEO and started working for the WTO six months later.
Earlier this month, Tron was reportedly sued by the U.S. Securities and Exchange Commission (SEC) for allegedly promoting digital assets in an illicit manner.
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