Tron Receives More Than $2M Aid from US Government in Coronavirus Relief

Tron Receives More Than $2M Aid from US Government in Coronavirus Relief

Tron (TRX) platform, founded by Justin Sun, has received over $2 million in coronavirus relief from the United States Government, a post on the Chinese WeChat relayed the new development.

The grant was made available to U.S. companies affected by the coronavirus pandemic for salary protection according to the report.

Another notable benefit of the grant is that it needs to be repaid, going by the post shared on 5 May 2020.

$2 Million Received By Justin Sun’s Tron (TRX)

Matthew Graham, the chief executive of the Beijing based blockchain investment firm, Sino Global Capital, shared and translated the post.

According to Graham, the people of China would have misinterpreted the grant award as the United States government’s endorsement of Tron (TRX).

Matthew Graham shared this, “If you are wondering why Justin would want this publicized in China, many people will misinterpret this as some kind of implicit endorsement of Tron from the United States government. From standpoint of completely unethical grifter, a savvy move.”

The news was expected to be welcomed with discontent, as some questioned how the grant had been won by Justin Sun’s Tron (TRX).

The fact that many companies based in the United States encountered roadblocks in the fight to obtain federal assistance made it more outrageous.

One of the commenters said, “If this is true and he got that money he needs to give it back. Now. Right fucking now.”

Another Twitter user said “I don’t see the ground for that. Would be the US operations (who have few dozens employees at best), don’t see any justifications.”

Meanwhile, the U.S. Federal Reserve has been charged with supporting firms it once warned banks not to touch.

However, neither Justin Sun nor the Tron Foundation has reacted to this latest development at the time of filing this report.

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Abdulhay Mahmoud 415 Articles
Abdulhay Mahmoud is a creative writer with over 15 years of experience in journalism, translation, and investor relations. He has B.A in English and Literature from a reputable University. He recently became a contributor at Cryptolydian.com to fulfill his thirst in reporting digital coins and blockchain-related news, an interest was built over the years.