Trump crypto project backer Justin Sun lauds 'friendly' U.S. market

Controversial investor says World Liberty Financial can be industry 'beacon'

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Crypto investor Justin Sun eats a banana that had been duct-taped to a wall at a news conference in Hong Kong on Nov. 29, days after paying $6.2 million for the conceptual artwork. (Photo by Echo Wong)

ECHO WONG, Nikkei staff writer

HONG KONG -- Cryptocurrency entrepreneur Justin Sun said the U.S. is the friendliest market for the business, after disclosing an investment in a crypto project backed by President-elect Donald Trump.

"In terms of the friendly level [for] the crypto business, I think we could even say the best one is the U.S.," Sun, who has run into legal trouble with American authorities, told Nikkei Asia. He was speaking on the sidelines of an event in Hong Kong where he presented -- and made a show of eating -- his recent $6.2 million auction purchase of Italian visual artist Maurizio Cattelan's duct-taped banana.

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