The U.S. Securities and Exchange Commission (SEC) has dropped its civil fraud case against Justin Sun, the founder of the TRON blockchain.
The lawsuit, filed in 2023, accused Sun and his companies of selling unregistered crypto securities including TRON (TRX) and BitTorrent (BTTC), along with allegations of market manipulation and undisclosed celebrity promotions.
With the case now closed, many see this as a positive signal for the crypto industry and a potential boost for TRON-related tokens.
The decision could also reflect a changing regulatory approach toward crypto in the United States. $TRX $BTTC
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