Tuesday, June 15, 2021

Justin Sun’s Tron (TRX) Receives US Government Aid of over $2M in Coronavirus Relief

Tron (TRX) platform, founded by Justin Sun, has received United States Government aid of over $2 million in coronavirus relief, a post on the Chinese WeChat relayed the new development.

According to the report, the grant was for salary protection, made available to United States companies affected by the coronavirus pandemic.

Going by the post shared on 5th May 2020, another notable benefit of the grant is that it does need to be repaid.

Details of the Over $2 Million Received By Justin Sun’s Tron (TRX)

The post was shared and translated by Matthew Graham, the chief executive of Beijing-based blockchain investment firm, Sino Global Capital.

According to Graham, the people of China would have misinterpreted the award of the grant as an endorsement of Tron (TRX) from the United States government.

Matthew Graham shared this, “If you are wondering why Justin would want this publicized in China, many people will misinterpret this as some kind of implicit endorsement of Tron from the United States government. From standpoint of completely unethical grifter, a savvy move.”

The Reactions of the Crypto Community Members to the Grant Won By Justin Sun

The news was expectedly greeted with discontentment, as some questioned how Justin Sun’s Tron (TRX) had won the grant.

The fact that many US businesses encountered roadblocks in the struggle to get federal assistance made it more outrageous.

One of the commenters said, “If this is true and he got that money he needs to give it back. Now. Right fucking now.”

Another Twitter user said “I don’t see the ground for that. Would be the US operations (who have few dozens employees at best), don’t see any justifications.”

Meanwhile, the United States Federal Reserve has been accused of propping up companies it had once warned banks not to touch.

However, at the time of filing this report, neither Justin Sun nor the Tron Foundation has reacted to this latest development.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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