I am reminded of Xi telling young people in China to “eat dirt” (apparently meaning suck it up and accept the economy is down and even if your parents spent their life savings to send you to university, it is your duty to return to your poor rural village and be a farmer or otherwise make do).

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https://www.wsj.com/finance/currenc...67?st=XkoU9v&reflink=mobilewebshare_permalink
“Crypto billionaire Justin Sun for years wouldn’t set foot in the U.S. for fear of arrest. The Chinese-born tycoon, facing scrutiny from U.S. authorities, even missed a chance to fly on
Jeff Bezos’ Blue Origin rocket despite paying $28 million for the opportunity.
Now, Sun isn’t just back in America. He is in suburban Washington to
attend a dinner with President
Trump as a VIP guest.
After weeks of industry speculation, Sun
confirmed in a social-media post Tuesday that he is the largest holder of the president’s
$TRUMP memecoin. His some $23-million stash catapults him into the exclusive circle of 25 investors who were invited to a private VIP reception with Trump on Thursday. Critics say the event is among the most glaring demonstrations yet of
the conflicts of interest for Trump and his family as they pursue a range of business ventures.
Until Trump’s election win, the 34-year-old entrepreneur was in the sights of U.S. authorities and was persona non grata in much of the U.S. crypto industry.
His company Tron, which operates a blockchain network with the same name, has been a popular channel for crypto’s criminal fraternity to move funds.
The U.S. Treasury Department’s Financial Crimes Enforcement Network wrote in a private 2023 report that Tron was “growing in popularity among illicit actors.” By last year, more than half of all illegal crypto activity—some $26 billion—took place on the network, according to researcher TRM Labs, which tracks crypto transactions and works with law enforcement.
… Sun faced charges from the Securities and Exchange Commission, which in 2023 accused him of
fraudulently manipulating the market for Tron’s TRX token. The SEC asked a court in February to
pause its lawsuit.
The Justice Department, meanwhile, had been investigating Sun for suspected financial crimes, people familiar with the case said. The U.S. attorney’s office in Manhattan requested information from Sun back in 2021 and continued gathering evidence through at least 2023, some of the people said, causing him to avoid travel to the U.S. over concerns about a possible arrest warrant. That meant Sun, who is based in Hong Kong, had to skip
the 2021 launch of Blue Origin’s first crewed space flight, on which he had won a spot, the people said. (At the time, Blue Origin said Sun pulled out due to scheduling conflicts.)
It couldn’t be learned whether the Justice Department investigation is still ongoing. …”