Unrecognized Micronation of Liberland Elects Justin Sun as New Prime Minister

Source Beincrypto

Tron founder and controversial crypto executive Justin Sun is the new prime minister of Liberland — an unrecognized micronation situated between the borders of Croatia and Serbia.

Liberland is a self-proclaimed libertarian utopia on the Danube where every system lives on-chain.

Justin Sun Adds Prime Minister to List of Titles

The largely theoretical European state developed by right-wing libertarians in 2015 conducted elections on October 5. Though insignificant, given that Liberland only lays claim to 2.7 miles of disputed and uninhabited floodplain between Croatia and Serbia, Justin Sun is now head of state.

Read more: What Is TRON (TRX) and How Does It Work?

Justin Sun Elected Prime Minister of LiberlandJustin Sun Elected Prime Minister of Liberland. Source: db on X

Liberland remains unrecognized, and Croatian authorities have already arrested some “citizens” of the mini-country. Notwithstanding, Liberland founders say the country has up to 1,000 digital citizens. The vision is to develop a libertarian utopia — a goal supported by many in the crypto community.

The support comes as Liberland markets itself as a crypto haven capable of running government operations on its blockchain network. It also commits to passing crypto-friendly legislation and establishes “decentralized hyper-democracy” for citizens through on-chain voting mechanisms. According to a 2023 Reuters report, Liberland holds 99% of its currency reserves in Bitcoin.

The laws are rather controversial in Liberland, according to a Reddit post, with stances such as zero restrictions on drugs and firearms.

Liberland Legal SystemLiberland Legal System, source: Reddit post

Justin Sun, a controversial figure in the crypto world, seems well-suited for his new role as prime minister of Liberland, where his main task is to turn the micronation into a reality. Despite taking on this position, it’s hard to overlook how he lost his previous title as ambassador. Sun once served as Grenada’s ambassador to the World Trade Organization (WTO), a title he no longer holds.

As an ambassador, Justin Sun was often referred to as “His Excellency”, a title he proudly displayed on his social media accounts and still uses today as “H.E.” In a lengthy post on X, Sun mentioned that Liberland has notable supporters, including Argentina’s president Javier Milei and US Congressman Ron Paul, among others.

“For those who doubt whether reducing government spending will lead to social unrest, Argentine President Milei and I will point to Liberland as an example of how this philosophy works in practice—Liberland’s citizens live freely and thrive under this system,” Sun noted.

Read more: 7 Best Tron Wallets for Storing TRX

It is worth mentioning that Liberland draws inspiration from other micronations like Bitnation. This sovereign state was designed in 2014 to pioneer the idea.

Meanwhile, others, like former Coinbase executive Balaji Srinivasan, advertise them as network states. He coined this term for geographically distributed nations using blockchain technology and privately held land to operate as sovereign states.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 11, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
Author  Mitrade
Yesterday 02: 42
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
placeholder
Gold Tumbles Toward $4,000 as Hotter-Than-Expected CPI Boosts Fed Rate-Hike Bets, Bulls Eye $3,975 SupportAs of the Asian session on Wednesday (November 11), gold prices (XAUUSD) rebounded slightly after a sharp decline in the previous session, last trading near $4,040, up about 0.3% on the d
Author  TradingKey
Yesterday 02: 51
As of the Asian session on Wednesday (November 11), gold prices (XAUUSD) rebounded slightly after a sharp decline in the previous session, last trading near $4,040, up about 0.3% on the d
placeholder
Core CPI stuck at 0.3% for a third straight month — and BLS couldn't publish the number that would explain itOctober headline CPI rose 0.4% m/m against a 0.3% consensus, and core rose 0.3% for a third consecutive month against 0.2% expected. BLS published no year-on-year figures because October 2025 collection was lost to the government shutdown. Energy cooled to 0.7% from 5.2% — shelter, food and transport services did the rest. The 2-year yield jumped 18 to 21 basis points, the 10-year added 12, and the dollar closed at 102.25.
Author  Irene Q.
Yesterday 03: 09
October headline CPI rose 0.4% m/m against a 0.3% consensus, and core rose 0.3% for a third consecutive month against 0.2% expected. BLS published no year-on-year figures because October 2025 collection was lost to the government shutdown. Energy cooled to 0.7% from 5.2% — shelter, food and transport services did the rest. The 2-year yield jumped 18 to 21 basis points, the 10-year added 12, and the dollar closed at 102.25.
placeholder
Bitcoin lost its 200-day average — but the exit started three sessions before the CPIBitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.
Author  Suzie
Yesterday 03: 22
Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.
placeholder
Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day
Author  TradingKey
6 hours ago
On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day
goTop
quote