SEC DROPS CLAIMS AGAINST JUSTIN SUN
The U.S. SEC has dismissed its claims against Justin Sun, the Tron Foundation, and the BitTorrent Foundation.
One related company, Rainberry (BitTorrent’s developer), agreed to pay a $10M fine as part of the settlement.
The case dates back to 2023, when the SEC accused Sun and his companies of illegally distributing tokens like
$TRX and $BTT, inflating trading volume through wash trades, and using undisclosed celebrity promotions.
Under the new settlement:
✅️ Claims against Sun and the Tron entities were dismissed with prejudice (meaning the SEC can’t bring