TRON CEO Highlights Hazards In Financial Sector
- H.E. Justin Sun Tweeted concerning the risks in the financial system, especially the SVB Fall.
- The TRON leader mentioned that it was important to build a dependable bank.
- He He added that he would be happy to lend a hand and welcomed cooperation from the crypto community.
H.E Justin SunTRON, founder of the DAI blockchain ecosystem and the author Global Advisor The international crypto exchange Huobi, published a Twitter Thread on March 12 Highlighting the “potential danger” A common theme in the financial sector is the failure of the commercial bank company. Silicon Valley Bank (SVB).
PreviouslyOn March 10, the California Department This is Financial Protection And Innovation SVB was asked by (DFPI), to close down for unspecified reasons. This put many investors and financial institutions at risk.
Apparently, Sun Twitter said that recent events, like the sudden collapse of SVB, were being tweeted. Financial Group Show the potential damage to many financial institutions
Recent Events like the SVB case demonstrate the potential harm to many people in the industry. It’s It takes time to create a bank that is dependable and can meet the needs of the cryptocurrency industry. As Support this ecosystem by becoming a member I’m We are open to all ideas that could help us create this bank.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) March 12, 2023
SignificantlyHe stated that it is essential to construct a establishment. “dependable bank”, saying:
It’s time to build a dependable bank that can cater to the needs of the crypto industry. As a supporter of this ecosystem, I’m open to any idea that can help create such a bank.
In In a tweet that followed, TRON founder and CEO shared his willingness to work with his colleagues. “offer funding, management, and operational support”. He This was added to the previously mentioned. “robust banking infrastructure” For a successful venture, it is important to link traditional finance with digital finance. “wider adoption of cryptocurrencies”.
As A conclusion to his series tweets. Sun asked the crypto community’s attention to the duty of collective work to attain a safer crypto industry, quoting:
Let’s work together to create a safe and regulated environment for the crypto industry and ensure that events like the SVB case do not occur in the future.
InterestinglyThe crypto community accepted his messages with a mix of opinions. Though Many people backed him, offered him with ideas. There were also many who laughed at him.
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