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The Defiant 2025-02-27 22:23:40

SEC and Justin Sun Pause Tron Fraud Lawsuit for Settlement Talks

It probably shouldn’t come as a surprise that Tron founder Justin Sun is in settlement talks with the Securities and Exchange Commission (SEC). On Wednesday, Sun, the Tron Foundation and the SEC filed a joint motion seeking to pause ongoing legal proceedings to “allow the Parties to explore a potential resolution.” In 2023, the SEC sued Sun, the Tron Foundation and BitTorrent for selling unregistered securities and fraud in the form of alleged wash trading to boost Tron’s TRX token’s trading volumes. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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