Justin Sun, founder of Tron's blockchain, has urged the cryptocurrency community to endorse a pro-crypto candidate in the upcoming US presidential elections in November. In a social media post on May 26, Sun stressed the importance of aligning with a candidate who supports cryptocurrencies to ensure that the industry's interests are recognized and protected. He emphasized:

"We should rally behind a presidential candidate who champions cryptocurrencies. It's crucial to show that the cryptocurrency community, companies, and protocols are significant stakeholders whose voices must be heard and interests safeguarded."

The upcoming election presents a pivotal opportunity for the crypto community to influence regulatory policies by supporting a candidate committed to fostering the industry's growth and integration into the broader economy.

The context around Biden and Trump's stance on crypto regulation has been evolving. Recently, bipartisan support has emerged for two crypto-related bills—SAB121 and the FIT21 Act—which aim to refine the regulatory framework and provide clarity for the industry's operations.

Moreover, the Securities and Exchange Commission (SEC), historically cautious about crypto, unexpectedly approved spot Ethereum exchange-traded funds (ETFs), signaling a shift from its previous stance on these assets.

Observers attribute these shifts to Donald Trump's newfound support for cryptocurrencies, which has bolstered his prospects for re-election. According to predictions from Polymarket, Trump currently holds a 56% chance of winning, compared to Biden's 38%. During his presidency, Trump had criticized cryptocurrencies as being "based on thin air."

In recent months, Trump's support has grown following several pro-crypto actions and statements. He has advocated for the US to lead in the crypto sector and pledged to pardon Ross Ulbricht, the imprisoned founder of Silk Road. Additionally, Trump's re-election campaign now accepts cryptocurrency donations, including Bitcoin and other digital assets, making him the first major candidate to adopt this approach.