US Lawmakers Raise Concerns Over Justin Sun and TRON

Key highlights Justin Sun under US investigation since 2021 with SEC lawsuit in ￰0￱ WLFI investments could impact token price and retail ￰1￱ questioned over possible conflict of interest after Trump ￰2￱ Conflicts and Investor Risks Highlighted On September 17, 2025, US lawmakers sent an official letter to SEC Chairman Paul Atkins and the acting director of the SEC’s Corporate Finance Department regarding the activities of TRON founder Justin ￰3￱ to the letter, Sun has been under investigation by the US Department of Justice since 2021, and in 2023, the SEC filed a lawsuit against him for alleged fraud involving the cryptocurrency TRX. Additionally, FinCEN reported that TRON had been used by criminal groups for financial ￰4￱ these allegations, Sun reportedly avoids entering the United States due to the risk of ￰5￱ Donald Trump’s victory in the 2024 elections, Sun became the largest investor in the DeFi project World Liberty Financial (WLFI), which is linked to the Trump ￰6￱ to the letter, he invested at least $75 million, generating an estimated $400 million profit for ￰7￱ also supported the meme coin ￰8￱ SEC, under the new administration, reportedly dropped its lawsuit against Sun after these investments, raising potential conflict-of-interest concerns among ￰9￱ Risks and Market Implications Since September 2025, WLFI tokens have been available on major exchanges like Coinbase and Kraken, reportedly adding up to $5 billion to Trump’s ￰10￱ warned that, as a major investor, Sun could potentially manipulate the token’s price, posing risks for retail ￰11￱ has requested that the SEC respond by October 2, 2025, to questions including: Whether SEC officials communicated with the White House or Trump family members regarding Sun Direct communication with Sun before dropping the lawsuit The number of complaints filed against Sun and their processing Consideration of a potential TRON ban in the US Earlier, Arkham experts reported that World Liberty Financial blacklisted Sun’s Ethereum address due to a possible transfer of $9 million in WLFI tokens.