Justin Sun Joins Research Project at Communist Party School

Justin Sun flaunted his new partnership with the CCP on social media.

AccessTimeIconJul 27, 2021 at 9:12 a.m. UTC
Updated Sep 14, 2021 at 1:31 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Justin Sun, the founder of the Tron blockchain, is participating in a research project at the prestigious Central Party School, the higher education institution that trains cadres of the Communist Party of China.

  • Sun is "transferring from business to school," he said on his WeChat and Weibo accounts, a statement some took to imply he's thinking of winding down his business activities.
  • He will become a deputy leader in a research project on blockchain-based social governance, according to a Tuesday joint press release with the China Academy of Information and Communications Technology.
  • The 30-year-old said he hopes to be the next Jianzhang Liang, referring to a Chinese internet entrepreneur and CEO of travel platform Trip.com who retired from his executive position in 2016 aged 47.
  • In a subsequent tweet, Sun said he is not planning to retire.
  • The project was approved by the Central Party Committee to consider the advantages of blockchain in social governance and look for innovative applications, the statement said.
  • Chinese reporter Colin Wu tweeted that Sun will not actually retire, but aims to show he has a good relationship to China's ruling party.
  • The announcement met with support from some Weibo users, who saw it as motivated by nationalist sentiment: "Brother Sun can't stand the plight of the American Empire and will come back to build socialism with us," wrote a user identified only as "The banner of Marx."
  • The research project team includes members from the People’s Bank of China, Central Cyberspace Administration – China's internet watchdog – as well as scholars from CAICT, the China Information Association, Tsinghua University, and Peking University.

UPDATE (JULY 27, 11:08 UTC): Adds comment from Sun.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.