SEC Halts Fraud Prosecution of Chinese Crypto Bro Whose Purchases Enriched Trump – Mother Jones

Sun speaks before eating a conceptual artwork—a banana stuck to a wall with duct tape, for which he had paid $6.2 million, in Hong Kong, November 29, 2024.Peter Parks/AFP via Getty Images

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This story was originally published on Judd Legum’s Substack, Popular Information, to which you can subscribe here.

In December, Popular Information reported that Chinese crypto entrepreneur Justin Sun purchased $30 million in crypto tokens from World Liberty Financial (WLF), a new venture backed by President Donald Trump and his family. Sun’s purchase resulted in a cash windfall for Trump. On Wednesday,…

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