TRON (TRX) Founder and CEO Demonstrates His Support for Net Neutrality

Siamak Masnavi

On Thursday (1 November 2018), Justin Sun, the founder and CEO of TRON Foundation, announced his support for net neutrality, and demonstrated this support with a $10,000 pledge to, a crowdfunding effort by the non-profit organization "Fight for the Future", which was founded in 2011 with the mission of ensuring "that the web continues to hold freedom of expression and creativity at its core." The goal of this organization is "to build tech-enhanced campaigns that resonate with millions of people, enabling them to consolidate their power and win historic changes thought to be impossible."

Net neutrality "is the principle that Internet service providers treat all data on the Internet equally, and not discriminate or charge differently by user, content, website, platform, application, type of attached equipment, or method of communication."

Fight for the Future's latest campaign is about putting pressure on the U.S. Congress to save net neutrality -- which was killed on 11 June 2018 following a vote by the Federal Communications Commission (FCC) in December 2017 -- by passing legislation that would "effectively force the FCC to bring back the rules the FCC approved in 2015." Under the Congressional Review Act (CRA), "Congress, with the approval of the president, can not only reject regulations issued by a federal agency but effectively bar that agency from taking similar action again."

The website says that although the Senate has already passed a resolution, "now the House is running out of time to do the same." It further says that the money being raised will be used to the following:

  • "Flood Congress with phone calls, tweets, and emails"
  • "Run crowdfunded billboards, newspaper ads, and online ads"
  • "Organize in-district actions and events"

Here is how Justin announced his support for this campaign on Twitter:

The press release by the TRON Foundation says that Justin's $10,000 donation will "help fund efforts to educate voters in key districts across the country to vote pro-net neutrality and support lawmakers to reverse the decision that ended net neutrality." This donation comes shortly after TRON's "initial pledge of $3M to the Blockchain Charity Foundation headed by Binance."

The press release also contained the following quote from Justin:

"Given my deep belief in an open and decentralized internet, I support and urge others to do the same in this critical moment where Congress can still act in favor of net neutrality. When the internet is free and open, it fosters innovation that benefits not just a few, but all of us. It's our responsibility to protect these core values and push our community towards the cause."

Justin, who is also the CEO of BitTorrent, apparently "plans to energize support from the BitTorrent community of over 100M users." BitTorrent "has a long-standing history of supporting net neutrality and also and through campaigns that have urged tens of millions of users to get involved."

Featured Image Courtesy of the TRON Foundation

Despite Kidney Stones and Warren Buffet Lunch Cancellation, Justin Sun Attends Tron Party

Samuel Haig

On July 25, the chief executive officer of the Tron Foundation, Justin Sun, attended a party to celebrate the first anniversary of Tron's acquisition of file-sharing platform BitTorrent, despite having canceled the highly-hyped lunch meeting between himself and business magnate Warren Buffet that had been scheduled for the same day.

Justin Sun Celebrates Tron Influencer Day

Sun celebrated ‘Tron Influencer Day’ alongside ten YouTubers who had been flown to San Francisco to celebrate the anniversary. The party took place the day after Sun published a letter in Chinese on Weibo apologizing to “the public, media, officials and regulatory authorities” for his actions leading to the cancellation of lunch with Warren Buffet.

In the statement,Sun apologized for his “immature, naive, and impulsive conducts with my big mouth” turning the planned event “into an out-of-control and failed over-marketing hype and led to a significant series of unexpected consequences.”

Sun bid a record $4.57 million to secure the meeting with Warren Buffet as part of the business magnate’s annual charity lunch auction. After winning the auction, Sun stated that he was looking forward to using the opportunity to educate Buffet on cryptocurrency. Sun had organized for Circle’s Jeremy Allaire, Huobi’s Chris Lee, eToro’s Yoni Assia and Litecoin creator Charlie Lee to also attend the event.

However, in a strange turn of events, the Tron Foundation announced that he would have to reschedule the event due to kidney stones on July 22. The following day, rumors circulated that Sun had received a travel ban and would not be able to leave China due to Tron having engaged in illegal fundraising activities and legal gambling services, as per an article published by 21st Century Business Herald.

Rumored Legal Troubles

On July 24, Sun dispelled the rumored travel ban by streaming a video featuring himself on a San Francisco high-rise building. Sun also refuted the allegations made against him, stating that “The illegal fundraise accusation is wrong. Tron complied with regulators and refunded investors on Sept. 20 in 2017, immediately after the order [of a ban on initial coin offerings] from seven ministries in China.” Sun added that “The Tron foundation is based in Singapore in compliance with local regulations and laws […] and does not involve any flow of capital, or any crypto or fiat currency onramp.”

In his apology letter, Sun stated: “Moving forward, due to my illness, I will take some rest, reduce my publicity on Weibo and media interviews. All the efforts spent on publicity stunt need to go back to technology development.”

A date for the rescheduled meeting between Warren Buffet and Justin Sun has not yet been agreed upon.