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The big one is coming! It is rumored that Trump will meet with Sun Yuchen. Is he going to become a Web3 consultant for the United States?
Shocking news! Sun Yuchen is rumored to become Trump's Web3 consultant
According to sources, TRON blockchain platform founder Justin Sun is expected to meet with the next US President Donald Trump and is expected to serve as a Cryptocurrency and Web3 advisor. This news has caused a stir in the cryptocurrency market, with the global Cryptocurrency Market Cap breaking the $3 trillion mark.
Meanwhile, Ripple CEO Brad Garlinghouse has also been reported to meet with Trump. Garlinghouse remained ambiguous about this in a recent interview with Fox Finance, which has sparked much speculation in the market.
Industry insiders believe that the potential meeting of these heavyweight figures symbolizes the increasing influence of Crypto Assets and Web3 technology in the political industry, while also reflecting the legislative bodies' growing attention to the demands of the Blockchain industry.
Image source: CryptoPolitan. It is rumored that Sun Yuchen will meet with Trump and serve as a Web3 consultant.
The cryptocurrency market is booming, and BTC has reached a new all-time high
After the results of the US election were announced, the coin market experienced a strong pump. The price of Bitcoin surged to a historic high of $93,000, doubling its value since the beginning of the year; Ether also had a big pump of 33% after the election, reaching $3,400.
Analysts point out that the market is optimistic about the possibility of the Trump administration adopting a more friendly cryptocurrency regulatory policy. If important figures in the industry such as Justin Sun serve as advisors, it is expected to inject new momentum into the industry and attract a large amount of capital.
Market experts expect that congress members supporting Cryptocurrency will play a key role in the future, assisting in the formulation of policies favorable to the development of digital assets and Blockchain technology. Despite the enthusiastic market response, experts also caution that while promoting innovation, a clear regulatory framework is still needed to prevent fraud and protect investor rights.
New industrial landscape, major changes brewing in Web3 policies
As a well-known figure in the Block chain industry, Sun Yuchen has been committed to promoting the development of Decentralization content sharing system since founding the TRON network in 2017. This entrepreneur, who was once guided by Ma Yun, the founder of Alibaba, is famous for his strong marketing strategies, and caused a sensation by having lunch with 'Stock God' Buffett in 2020.
If Sun Yuchen does become Trump's Web3 consultant, his rich industry experience and influence are expected to have a significant impact on the US cryptocurrency industry, especially in the formulation of regulatory framework. Experts say that although the market is generally optimistic, it is still necessary to strike a balance between innovation and regulation to ensure that the industry can develop healthily within a clear legal framework.
Image source: CoinDesk Sun Yuchen once spent a large sum of money to buy the opportunity to have a meal with the stock god Buffett.
Web3 advisory roles may reshape the future of the US encryption industry
If Sun Yuchen is confirmed as a Web3 advisor, his influence is expected to far exceed that of the TRON network itself. The industry hopes that he can bring positive impact to the entire crypto asset ecosystem, especially in the discussion of regulatory policies. This high-level collaboration symbolizes the interaction between the US legislative institutions and the leaders of the crypto asset industry, which may usher in a new era and make regulatory policies more in line with industry needs.
Market analysts point out that this benign interaction not only helps attract institutional investors into the market, but may also accelerate the widespread application of digital assets. However, experts also emphasize that the future regulatory framework still needs to establish effective supervision mechanisms to prevent market manipulation and other improper behaviors while supporting innovation. With the market continuing to hold an optimistic view of these developments, the US Cryptocurrency industry seems to be on the threshold of a major transformation, preparing to embrace a new wave of growth and change.
The big one is coming! It is rumored that Trump will meet Sun Yuchen. Is he going to become the US Web3 advisor? This article was first published in 'encryption city'.