Justin Sun, the founder of the Tron blockchain, has made waves by announcing his stance on meme coins within the network, assuring creators that he will not profit from their success. In a recent post on X, Sun laid out the first rule for meme coin creators on Tron: no profits will be taken by him from meme coins on the platform, and he has even pledged to cover user losses personally.
In addition, Sun revealed that any profits generated from meme coins on Tron will be donated to charity, not pocketed for personal gain. His bold move comes as meme coins continue to gain traction in the crypto world. Tokens like BONK and Dogwifhat have played significant roles in propelling blockchains like Solana, pushing its value to a record high of $294.33.
Tron has already benefited from the rise of meme coins, largely due to Sun’s active promotion within the crypto space. As a highly influential figure, his opinions hold considerable weight in shaping market trends.
Furthermore, current U.S. SEC regulations classify meme coins as assets rather than securities, meaning they are not subject to investment contract regulations. This allows developers to launch meme tokens without the need for formal registration.
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