In both politics and crypto, one rule stands: Expect the unexpected. So what do you get when they join forces? A chaotic cocktail where votes and virt

A crypto king is now the prime minister of a tiny country

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2024-10-12 11:30:03

In both politics and crypto, one rule stands: Expect the unexpected. So what do you get when they join forces? A chaotic cocktail where votes and virtual coins fly faster than you can say “blockchain government.”

In a recent blockchain-based election, the micronation of Liberland in Eastern Europe has chosen crypto entrepreneur Justin Sun as the Speaker of its Congress. Following this, Liberland’s President Vít Jedlička nominated Sun to serve as acting Prime Minister. Sun, a well-known figure in the cryptocurrency world and founder of the Tron blockchain network, now holds two key positions in this self-proclaimed libertarian state.

Under the leadership of Liberland President Vít Jedlička, several prominent figures have been elected to the Liberland Congress. Among them are Indian tech entrepreneur Evan Luthra, journalist Jillian Godsil, Dorian Jakov Stern Vukotic (the first to enter Liberland in 2023 and tech lead of the Liberland blockchain team), Bitcoin advocate Navid Saberin, and law graduate Michal Ptáčník.

The Chinese entrepreneur has gained notoriety for his outspoken nature and involvement in various controversies. The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Sun and his companies for alleged securities fraud, claiming they manipulated the price of Tron’s tokens and conspired to distribute billions of crypto assets while artificially inflating trade volumes to attract investors.

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