TRON (TRX) has made a comeback in crypto talks after Chris Burniske, the former crypto lead at ARK Invest and now a partner at Placeholder, described it as the "ignored dark horse" among the big networks. The comments came after the GENIUS Act — a key bill about stablecoin regulation — passed a crucial procedural vote in the U.S. Senate.
Ethereum (ETH) is still at the top of the list of likely beneficiaries of the bill, according to Burniske, because of its deep DeFi infrastructure and longstanding institutional ties. Next up in the expert's opinion comes Solana (SOL).
Interestingly, Burniske was one of the few who was publicly bullish and called the bottom for SOL after the FTX collapse in 2023 — a prediction that later proved accurate as the alternative cryptocurrency went on an incredible all-time-high run.
The mention of TRON stands out mostly because it rarely comes up in the main regulatory conversation. In fact, the chain currently holds the largest amount of USDT in circulation — over $75.4 billion, which is nearly half of all Tether issued across chains.
TRON founder Justin Sun later reposted Burniske’s remark about TRX.
Sun is back in the USA
What's intriguing is that Sun recently posted a video from Hollywood, announcing his return to the U.S. Speculation had circulated that Sun could face legal trouble similar to that of Binance’s Changpeng Zhao, whom a court recently sentenced to four months in prison for financial violations in a high-profile DoJ and SEC case against Binance.
Sun's arrival in the U.S. may put an end to those rumors, which adds weight to Burniske's vision.
TRX has remained relatively stable since its brief surge late last year, with a current price of around $0.272. With regulatory momentum picking up and the spotlight back on TRON stablecoin's role, the network may not be far behind in making headlines.
BTC
Vladislav Sopov
U.Today Editorial Team