SEC moves to settle long-running lawsuit against Justin Sun and Tron entities
The SEC has proposed settling its lawsuit against Justin Sun and Tron entities, requiring a $10 million penalty from Rainberry.Summary
The U.S. Securities and Exchange Commission (SEC) has proposed settling its protracted lawsuit against TRON founder Justin Sun and associated companies in the Southern District of New York. The proposed judgment mandates that Rainberry, the company behind BitTorrent, pay a $10 million penalty, after which remaining claims against Sun and related foundations will be dropped. The SEC also plans to dismiss claims against rapper Soulja Boy (DeAndre Cortez Way). The SEC originally filed charges in 2023, alleging unregistered offers and sales of TRON (TRX) and BitTorrent (BTT) securities, alongside accusations that Sun manipulated TRX trading volume. This settlement occurs as the SEC, under Chairman Paul Atkins, shifts toward negotiated resolutions in digital asset enforcement, a move that has drawn scrutiny from some House Democrats.
(Source：Crypto Briefing)