CoinDesk Podcast Network Chinese Billionaire Justin Sun Tops $TRUMP Dinner Guestlist | COINDESK DAILY
May 21, 2025
In this engaging discussion, the buzz around a VIP dinner featuring Donald Trump's memecoin attracts attention. Justin Sun emerges as a key player, intertwining politics and crypto investments. Strive Enterprises aims to gather $8 billion in Mt. Gox bitcoin claims for a massive reserve. Meanwhile, the SEC takes action against a firm charged with $100 million in securities fraud, showcasing the ongoing regulatory challenges in the crypto space.
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Justin Sun’s Trump Meme Coin Stake
- Chinese billionaire Justin Sun is the top holder of the Trump meme coin with nearly $22 million invested.
- His $75 million commitment to a Trump-backed DeFi platform shows deep financial ties to Trump's initiatives.
Strive’s Ambitious Bitcoin Treasury
- Vivek Ramaswamy’s Strive Enterprises plans to acquire 75,000 bitcoins worth $8 billion from Mt. Gox claims.
- The goal is creating a large Bitcoin treasury by partnering with advisory groups and raising up to $1 billion.
SEC Charges Unicoin Fraud
- The SEC charged Unicoin and executives with $100 million securities fraud for falsely claiming real estate backing.
- Unicoin’s CEO rejected the SEC’s settlement offer, escalating the regulatory dispute.