Tron founder and crypto veteran Justin Solar has refuted allegations across the controversial $TRUMP memecoin, which is related to US Prez Donald Trump. In a current interview following the ‘Trump Banquet’ held exterior the White Home, an occasion that led to protest, Solar defended the legitimacy of memecoins, stating they maintain actual worth.
Justin Solar Defends $TRUMP Memecoins
As the highest holder of $TRUMP and proud supporter of President Trump, it was an honor to attend the Trump Gala Dinner by @GetTrumpMemes.
Thanks @POTUS in your unwavering help of our business!#MakeCryptoGreatAgain🇺🇸 pic.twitter.com/Yy2TuWEgzT
— H.E. Justin Solar 🍌 (@justinsuntron) May 23, 2025
Addressing accusations that $TRUMP could also be used as a instrument for bribery, Solar dismissed the claims by critics as ‘short-sighted.’ He additionally emphasised that Trump’s open embrace of cryptocurrency might usher in a brand new period of American innovation in crypto area.
After the occasion, a number of mainstream media retailers closely criticized Trump’s involvement in issuing a memecoin, with some even making an attempt to affiliate $TRUMP holders with white supremacy. In response, Solar cited the significance of free speech, and acknowledged that critics are entitled to their opinions beneath the First Modification. Nevertheless, he clarified that he doesn’t view meme cash as scams or playing mechanisms. As a substitute, Solar argued they’re a reputable section of the broader crypto ecosystem.
The controversy gained additional grip after President Trump hosted a “Trump Banquet” at his personal golf membership, inviting the highest 220 holders of the $TRUMP token. Among the many attendees was Justin Solar, at the moment the biggest recognized holder of the token and World Advisor to Huobi HTX. Throughout his speech, Solar expressed gratitude to the Trump administration, saying, “Not way back, crypto fans have been being suppressed. It will’ve been unthinkable to carry such a grand occasion in Washington. If I can come to the US, then everybody can.”
In the meantime, Trump’s deeper involvement with the memecoin has drawn sharp criticism from political opponents. Democratic Senator Elizabeth Warren has raised critical considerations, accusing Trump and his household of probably taking advantage of political affect by means of cryptocurrency ventures. She even went on to name for a congressional investigation into attainable insider buying and selling and market manipulation, and even focused memecoins like $TRUMP and First Woman Melania Trump’s $MELANIA.
Warren, who serves on the Senate Banking Committee, argued that these cryptos pose vital moral and monetary dangers, notably when tied to sitting public officers. She has requested the US Workplace of Authorities Ethics and related regulatory our bodies to look at the authorized implications of such ventures.
Aside from his help for $TRUMP, Justin Solar has additionally been a significant backer of different Trump-related crypto ventures. Final 12 months, he revealed plans to take a position $30 million in World Liberty Monetary (WLFI), a DeFi platform backed by the Trump household.
