Justin Sun, Tron Foundation’s founder and one of the most controversial figures in the crypto space, will leave his current position. The entrepreneur has accepted an offer from the Government of Grenada and will work as the country’s new Ambassador to the World Trade Organization (WTO).
Congratulations @HEJustinSun on his appointment as Ambassador, Permanent Representative of Grenada to the World Trade Organization. @WTO #WTO
Minister of Foreign Affairs Oliver Joseph with H.E. Mr. Justin Sun pic.twitter.com/q3mdUULqa3
— GrenadaWTO (@GrenadaWTO) December 17, 2021
The TRON founder was received by Grenada’s Minister of Foreign Affairs, Oliver Joseph, as seen in the image above. Due to his new position, Sun will now be referred to as his excellency as announced via a new Twitter handle.
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I have accepted the invitation and appointment of the Grenadian Gov. to officially serve as the Ambassador, Permanent Representative of Grenada to the World Trade Organization in #Geneva. I will be working in full capacity to represent Grenada’s national interests (…).
In his personal account, the Tron Founder shared an open letter to his community and talked about the importance of developing a relationship between regulators and the crypto industry. While highlighting the benefits for “all mankind” in developing an “unlimited, decentralized” financial infrastructure, Sun also said:
Sovereign states are the most fundamental building blocks of the world order. The due recognition of the blockchain industry by sovereign states will be the final milestone towards achieving a truly decentralized financial infrastructure.
According to a Bloomberg report, Sun has been living in Grenada since 2019 and will start moving away from any crypto projects. Sun will exercise his functions at the WTO Headquarters in Geneva, Switzerland.
TRON Without Sun, Where Is The Network Going?
The entrepreneur has been the object of much controversy. His background, the way the TRON Network was launched, and his alleged centralization, almost every aspect of Sun’s life has been at the center of the argument.
Upon his departure from the Tron Foundation, Sun declared the network as “essentially decentralized”. The organization itself was apparently dissolved on July 25, 2021, Sun said the following:
The “justinsuntron,” “BitTorrent,” and “µTorrent,” have officially withdrawn from TRON representatives. Instead, the entire TRON network is now run by 27 SRs hosted by the community.
In that sense, Sun believes TRON has entered a new age of decentralization and called his followers to “embrace the decentralize future”.
(6/6)I do not doubt that #TRON has embarked on a new phase of true decentralization.
In the new era, blockchain technology will enable a decentralized financial infrastructure for all people! So let us embrace the future together!
— Justin Sun 🅣 (@justinsuntron) December 17, 2021
The Bloomberg post claims Sun gained some notoriety in 2020 after he participated in a charity auction and won a dinner with legendary investor Warren Buffett. The dinner apparently caused some tensions between Sun and the Chinese government, although these reports only remained as speculations.
The Tron founder has been around for much longer in the crypto space, as the mainstream media failed to report. He has been involved in arguments with Vitalik Buterin, the inventor of Ethereum, and other figures.
In addition to that, Sun faced a lawsuit from former employees at BitTorrent. The plaintiffs accused Sun of harassment and other violations in the work environment. Whether Sun will bring the same level of controversy as in the crypto space to the WTO Headquarters only time will tell.
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As of press time, TRX trades at $0,07 with a 7.5% loss in the past day.
TRX on a downtrend in the 4-hour chart. Source: TRXUSDT Tradingview