Sun Yuchen defends the TRUMP token, claiming it has value

ChainCatcher news, according to CoinDesk, Sun Yuchen defended meme coins in an exclusive interview with CoinDesk after attending a dinner hosted by Trump for TRUMP token holders. He dismissed critics labeling the TRUMP token as "bribery," stating that such skepticism is "short-sighted and misleading."

Sun Yuchen emphasized that Trump's support for cryptocurrency is one of his "best decisions," marking a positive turning point for U.S. crypto innovation. He noted that meme coins like DOGE and SHIB have successfully helped users enter the crypto space and believes this market segment has legitimacy and value.

Sun Yuchen also pointed out that the crypto-friendly policies of the Trump administration are attracting crypto companies that were originally considering leaving the U.S. to return to the American market.