Justin Sun Questions China’s Crypto Ban While US Braces for Crypto Lead 

• Justin Sun comments on the need for China to embrace crypto-friendly policies.
• Sun’s post comes following Donald Trump’s endorsement as a national reserve.
• While China has banned crypto in 2021, addressing digital assets as harmful.

TRON DAO Founder Justin Sun recently shared an X post advocating China to advance its crypto policies. Sun’s comment came amidst former US President Donald Trump’s endorsement of Bitcoin as a national reserve.

China also needs to step up. Since President Trump pushed for Bitcoin, U.S. policies have warmed. China should make further progress in this area. Competition between China and the U.S. in Bitcoin policy will benefit the entire industry.

— H.E. Justin Sun 孙宇晨 (@justinsuntron) July 28, 2024

China imposed restrictions on cryptocurrencies in 2017, addressing digital assets as harmful. Subsequently, in 2021, the country banned cryptocurrencies. According to the People’s Bank of China (PBOC), the ban on cryptocurrency aims to fight the inherent risks associated with the sector and thereby bring financial stability.

While putting a ban on crypto trading, the PBOC posited that cryptocurrencies act as a drive…

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