Wednesday, June 19, 2024

Justin Sun Joins WTO As Ambassador, Steps Down As Tron CEO

Justin Sun is stepping down as Tron Foundation’s CEO to join the WTO as a full-time ambassador for the Government of Grenada. He is excited to represent his country at the World Trade Organization. An official statement from Tron confirmed Sun’s appointment. It said the appointment comes at a time when the world continues to grapple with the COVID-19 pandemic.

Sun, as per a press release, said he is honored to serve as the WTO ambassador for Grenada. “I look forward to the opportunity to represent Grenada and work with WTO leadership to reinvigorate global trade in various ways, particularly the development of a robust digital economy internationally,” it said.

The statement highlighted Sun’s expertise in the blockchain industry will much likely boost the regional economy. Grenada and the Caribbean Community are among the hardest hit by the COVID-19 pandemic-led shutdown of the tourism industry.

Sun told CoinDesk that his career will now focus on the legitimization of blockchain technology on a nation-state level. He said the cryptocurrency industry cannot depend on the United States, given its slow progress and hesitance to legalize digital assets. “We cannot rely on the US market. There are nearly eight billion people in the world and the United States has just 300 million people.” The Tron CEO believes the US should not take decisions on cryptocurrency for the world.

Sun highlighted Grenada as a positive country for blockchain businesses. He believes that if the legitimization of the blockchain industry in countries like Grenada proves to be a success, it would prompt China and the United States to take up the new age of technology as well.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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