The US fraud charges against Justin Sun, the founder of Tron, could hamper Huobi's license application in Hong Kong. Huobi, one of the largest cryptocurrency exchanges in the world, is currently seeking a license from the Hong Kong Securities and Futures Commission (SFC).

The US fraud charges against Sun could raise concerns among regulators about the potential risks associated with cryptocurrency exchanges and their founders. This could make it more difficult for Huobi to obtain a license from the Hong Kong SFC, which has been taking a cautious approach to the regulation of the cryptocurrency industry.

The case highlights the growing regulatory scrutiny of the cryptocurrency industry, as regulators seek to address concerns about fraud, money laundering, and other forms of financial crime. As the industry continues to grow and mature, there is likely to be increased focus on compliance and regulatory oversight, which could have significant implications for cryptocurrency exchanges and other crypto-related businesses.

(by Assad Jafri)