TRON

<ul><li>The Tron founder has announced that he is handing up diplomatic duties to his successor.</li><li>Sun’s time as Grenada’s representative to the WTO expired following upcoming elections.</li></ul>On March 31st, Justin Sun, founder of <a href="https://thenewscrypto.com/tag/tron/" rel="noopener noreferrer nofollow">Tron</a>, stepped down from his position as Grenada’s Ambassador to the World Trade Organization (WTO). Sun’s diplomatic status comes to an end amid the Securities and Exchange Commission (SEC) charged the Tron CEO with fraud and market manipulation.In a series of tweets, Justin Sun said that as of Friday, March 31, 2023, he would no longer be representing Grenada at the World Trade Organization (WTO).<h3 id="focusing-on-digital-economy-and-crypto-regulation">Focusing on Digital Economy and Crypto Regulation</h3>Sun said he learned a lot from his time as ambassador, and that talking to other countries envoys gave him new views on trade challenges from all around the globe. The founder of Tron has announced that he is handing up diplomatic duties to his successor so that he may concentrate on <a href="https://thenewscrypto.com/tag/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> regulation and the digital economy.The Tron founder stated:<blockquote>“In the coming months, I will be focusing on the smooth transition of my duties to my successor. Afterwards, I plan to take some time to rest before continuing my career as a public servant, with a particular focus on digital economy and crypto regulation as I believe that these areas are crucial to the future of trade and development.”</blockquote>As the Grenada Broadcasting Network pointed out, Sun’s time as Grenada’s representative to the WTO expired following the country’s June 2022 general elections, which resulted in the defeat of the New National Party. In December 2021, the Tron founder was selected for the position.In a recent complaint, the <a href="https://thenewscrypto.com/tag/sec/" rel="noopener noreferrer nofollow">US Securities and Exchange Commission (SEC)</a> accused Sun of securities fraud and market manipulation in connection with the unregistered sale of TRX and BTT tokens.

Justin Sun to Focus on Crypto Regulation as Ambassador Term Ends

Table of Contents

TheNewsCrypto

Other articles published on Apr 3, 2023

Injective Releases Liquid Staking with Stride

Alchemy Pay Raises $10M at $400M to Push South Korean Expansion Plans

Sweat Economy Announces Exciting New Campaign: Win a Year's Salary as Chief Walking Officer

Bitcoin Below $28K As Rumors of Interpol Search for CZ Engulf Internet

The MonkeyLeague Private Alpha, Explained

BUIDL-Weekly: 20MAR23 - 26MAR23

Join our free newsletter for daily crypto updates!