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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 the same case again).
✅️ Rainberry will pay the $10M penalty and agree to compliance conditions.
The move resolves one of the long-running SEC crypto enforcement cases that started during the prior regulatory crackdown.
Another sign the U.S. crypto policy environment is shifting from enforcement toward settlements and rulemaking.