The US Securities and Exchange Commission (SEC) has settled its civil fraud case against Tron (TRX) blockchain founder Justin Sun, bringing an end to the legal proceedings that began in 2023. 
As pa… [+1872 chars]

The US Securities and Exchange Commission (SEC) has settled its civil fraud case against Tron (TRX) blockchain founder Justin Sun, bringing an end to the legal proceedings that began in 2023.  As part of the settlement, one of Justin Sun’s companies will pay …

Bitcoinist

Justin Sun, Tron Entities Reach Settlement With US SEC, $10M Fine Imposed

The agreement would require Rainberry to pay a $10 million penalty and accept an injunction related to securities law violations. The US Securities and Exchange Commission has agreed to settle its lo… [+1894 chars]

The settlement reflects a shift in SEC's strategy towards negotiated resolutions in crypto cases, potentially impacting future regulatory actions.
The post SEC settles long-running lawsuit against Justin Sun and Tron entities appeared first on Crypto Briefing.

Crypto Briefing

SEC settles long-running lawsuit against Justin Sun and Tron entities

In brief
<ul><li>The settlement would require Rainberry, the company behind BitTorrent, to pay a $10 million civil penalty.</li><li>The SEC would dismiss remaining securities and market-manipulation… [+2225 chars]

The judgment would resolve one of the agency’s highest-profile crypto enforcement actions and dismiss the remaining claims against Sun.

Decrypt

SEC Moves to Settle Justin Sun Case With $10M Penalty for BitTorrent Owner

NEW YORK, March 5 : The U.S. Securities and Exchange Commission has agreed to settle its civil fraud case against Chinese cryptocurrency entrepreneur Justin Sun, with one of Sun's companies paying a … [+417 chars]

NEW YORK, March 5 : The U.S. Securities and Exchange Commission has agreed to settle its civil fraud case against Chinese cryptocurrency entrepreneur Justin Sun, with one of Sun's companies paying a $10 million penalty, a court filing showed on Thursday. The …

Justin Sun settles SEC fraud case for $10 million

NEW YORK, March 5 : The Chinese cryptocurrency entrepreneur Justin Sun reached a $10 million settlement to resolve a U.S. Securities and Exchange Commission civil fraud case over his trading activity… [+2219 chars]

NEW YORK, March 5 : The Chinese cryptocurrency entrepreneur Justin Sun reached a $10 million settlement to resolve a U.S. Securities and Exchange Commission civil fraud case over his trading activity.Thursday's settlement requires court approval, with the pay…

Crypto entrepreneur Justin Sun settles SEC fraud case for $10 million

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