Tron founder Justin Sun met with Bo Hines, the Executive Director of the President’s Council of Advisers on Digital Assets of the White House.
In an X post, Sun explained that their discussion revolved around how TRON and blockchain technology could bolster US dominance in digital assets. He argued that the support for the GENIUS Act has played a key role in pushing forward essential crypto policy reforms.
Sun commented, “It was a pleasure meeting Bo Hines to discuss how TRON and blockchain technology can support US leadership in digital assets. Your support for the GENIUS Act has helped accelerate much-needed progress in crypto legislation.”
He also thanked the Digital Sovereignty Alliance for bringing about these important discussions and for their significant help in advancing the GENIUS Act forward.
Conversations between Sun and the political influencer Hines have roused crypto enthusiasts, mainly regarding how some legislation can impact the future of blockchains within the US.
Analysts believe that earning political support could accelerate growth for the TRON ecosystem, especially in altcoins like TRX, which often react strongly to ecosystem-specific news.
Most crypto community members who responded to Sun’s post reacted positively to their meeting, some claiming TRON is driving real change and expect bullish results.
The president named Bo Hines, a former US congressional candidate and up-and-coming star, to become the executive director of the President’s Council of Advisers on Digital Assets. Trump wants him to create crypto-friendly regulations and roll back the Biden administration’s crackdown on the cryptocurrency industry.
Hines has fast become like a crypto prince, with crypto CEOs, venture capitalists, and lobbyists wanting to meet him. During his first 30 days on the job, Hines met with over 50 industry players, such as Ripple CEO Brad Garlinghouse and Andreessen Horowitz partners Chris Dixon and Marc Andreessen.
Tron’s Sun and SRM agreed on a $100 million equity investment deal
Justin Sun recently announced he would take his Tron blockchain platform public in the US through a reverse merger.
On Monday, SRM Entertainment, a souvenir and toy manufacturer, confirmed that they agreed on a securities purchase with the TRON founder for a $100 million equity investment. It also claimed it would issue preferred shares and warrants to raise the deal’s value to about $210 million. So far, SRM has about 17.2 million common shares outstanding.
The company added that it would change its name to Tron Incorporation, with Sun joining as the advisor. Then any gains from the investment will be directed toward establishing a Tron crypto token treasury, following the model popularized by Michael Saylor’s Bitcoin Strategy, now adopted by multiple firms.
SRM shares spiked by over 460% after the announcement, increasing the firm’s market cap to $140 million.
Eric Trump, a son of US President Donald Trump, has denied reports that he will be involved in blockchain network Tron’s intent to pursue a public offering in the United States. However, he had positive things to say about the project’s founder, Justin Sun.
“I’m the biggest fan of Tron,” Trump said on social media, adding that he admires Sun and considers him a “great friend and icon in the crypto space.”