SEC sues Tron founder Justin Sun, his three companies, celebrities for securities violations
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The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Justin Sun, accusing him of selling unregistered securities offerings, manipulative trading, and illegal promotion of crypto assets, involving the enlistment of celebrities to boost public interest in TRX and BTT tokens. A legal document filed on March 22 in the Southern District of New York names Sun and his companies — the Tron Foundation, the BitTorrent Foundation, and Rainberry as defendants, alleging that Tron (TRX) and BitTorrent (BTT) tokens were securities. The list of high-profile celebrities that endorsed TRX and BTT includes American rapper DeAndre Cortez Way, better
U.S. regulators are moving to resolve a high-profile justin sun case, signaling a potential turning point in federal crypto enforcement strategy. SEC seeks $10 million penalty from BitTorrent parent Rainberry The U.S. Securities and Exchange Commission filed a proposed final judgment on Wednesday in federal court in New York targeting…