At the beginning of 2023, U.S. regulators, represented by the U.S. Securities and Exchange Commission (SEC), are "waging an all-out war" against the crypto industry and important figures. So far, industry figures and institutions including Justin Sun, Coinbase, Binance and its founders Changpeng Zhao and Kraken have been the targets of accusations by US regulators.
However, the regulatory environment in the East has seen welcome changes, with Asian markets represented by Hong Kong, China, issuing policy-friendly voices in terms of virtual assets.
In the sudden harsh regulatory environment in the United States, "Eastward Expansion" has become an annual theme and a common trend in the blockchain industry. As one of the few Chinese leaders in the industry, tron founder Justin Sun is clearly one of the leaders of the "Eastward Expansion" trend. At every important juncture related to the "Eastward Expansion", he expressed his stance of "all in" Asia, embraced the new crypto policy of Hong Kong, China, and actively made suggestions and ......suggestions for compliance supervisionSun Yuchen has never been absent.
In fact, this large-scale "Web3 Eastward Expansion" seems to have shown phased results. The data shows that the recent recovery of the crypto market, the increase in market share in Asia is the key driving force. All kinds of signs show that Sun Yuchen's forward-looking strategy and vision for the industry are being confirmed step by step.
Turn to the East
Asia is the starting point of Justin Sun's entrepreneurship and the origin of TRON. Sun has always regarded Asia as one of the most important fronts for the development of crypto technology. He never left Asia.
The next bull market will be dominated by Asian money", Sun Yuchen has previously made ** in several interviews.
Last year, when Hong Kong SAR** released a message friendly to the crypto industry, Justin Sun was the first to express his support.
Sun believes that Hong Kong, China, with its unique international status and mature financial infrastructure, will provide a good environment for the development of the crypto industry. In an interview with the Financial Times, he noted that Hong Kong's new crypto deal is a "positive signal" for the industry as a whole. In addition, he mentioned in an interview with Bloomberg that "Hong Kong, China is embracing the crypto industry", which is not only an affirmation of the current industry, but also indicates the future development trend of the cryptocurrency market.
Taking advantage of this, Justin Sun will intensively appear in many heavyweight industry events in Asia in 2023.
In April this year, Justin Sun appeared at the Hong Kong Web 3 Carnival. During his visit to Hong Kong, China, Sun Yuchen repeatedly said that with the in-depth promotion of the new crypto policy in Hong Kong, China, TRON will accelerate the layout of Hong Kong, China. For Justin Sun and TRON tron, Hong Kong is not only an important stop in their entrepreneurial careers, but also the key to their global strategic layout.
In July, at the WebX conference in Japan, Justin Sun shared the strategic thinking and latest progress of the TRON stablecoin and the newly supported RWA product (STUSDT). Subsequently, TRON announced that it became an associate member of the Japan Crypto Asset Business Association ("JCBA"), and its platform token, TRX, became one of the first tokens to be listed on Binance Japan.
Justin Sun spoke at the WebX conference in Japan.
In addition, Justin Sun also participated intensively in the Korea Blockchain Week, Meta Era Summit 2023, Token 2049, and the Milken Institute Asia Summit, etc., which not only intensively output his latest thoughts on the industry and the latest trends of TRON tron, but also made many groundless rumors against Sun Yuchen and TRON self-defeating.
Looking back at Justin Sun's one-year journey to the east, it is clear that there are precise strategic considerations and dot matrix planning behind his "all in" Asia.
Hong Kong, Singapore, Japan and South Korea all have well-developed financial infrastructure and a large number of high-net-worth clients, and Hong Kong and Singapore are also recognized as two major international financial centers in Asia. South Korea is one of the most important markets in the world for the crypto industry. Both TRON and TRX have good market acceptance in the aforementioned markets, and the continued cultivation of key markets is obviously conducive to the sustainable growth of TRON TRON.
The second is to seize the policy dividend window. This is mainly reflected in Hong Kong and Japan. In the eyes of many industry insiders, Hong Kong's new crypto policy conveys the possibility that Hong Kong, China may become a testing ground for China's promotion of virtual assets, which deserves great attention. Japanese Prime Minister Fumio Kishida has repeatedly supported Web 3, believing that it is the next generation of Internet technology that can lead Japan's economic growth. Stablecoins and RWAs, which are the most popular in the Japanese market, happen to be where TRON excels.
Push the West
Justin Sun's eastward expansion is not limited to Asia, his larger ambition is to make Asia an important front for the development of crypto technology, provide more use cases for the industry, provide more regulatory clarity, and then drive the development of the crypto industry in the United States.
Sun Yuchen once put forward a pendulum theory, that is, many countries have high and low regulatory policies for the crypto industry, which will have a huge impact on the industry. Industry institutions and practitioners should adapt to changes in the regulatory environment, choose a good place to live, and seek development after the external environment improves.
Justin Sun's eastward expansion is obviously a strategy to deal with the regulatory winter of the West represented by the United States, and the ultimate goal is to continuously promote the recognition and integration of the crypto industry with sovereign countries and mainstream society.
2023 marks the beginning of the second decade of the development of the crypto field, and the entire industry is emerging from the brutal growth of the first decade, and the industry, practitioners and users are increasingly eager to move into a more mainstream position.
As a representative of the crypto industry for more than ten years, Sun Yuchen also has this desire. In April this year, in an exclusive interview with **, he mentioned for the first time his "three major positions", that is, he is a staunch evangelist, advocate and builder of the crypto world, and is committed to becoming a long-term industry infrastructure builder and a bridge between the cryptocurrency industry and regulators.
Justin Sun appeared at the Hong Kong Web3 Carnival series of activities.
Judging from the high popularity of Justin Sun's live events and the fact that the number of TRON users exceeded 200 million, Justin Sun and TRON have become key players in the blockchain infrastructure. This shows that Justin Sun's decade of crypto sermons is constantly gaining recognition from the mainstream society.
Recently, Justin Sun publicly proposed the four pillars of TRON in the future, namely "decentralization, compliance, communication, and institutional participation", and is committed to attracting more institutions to join the ecosystem. The eastward expansion is still deepening, and Sun Yuchen will continue to exert his influence in the crypto field and continue to lead new industry trends by sticking to his original intention and building the industry.