Sec, Justin Sun, Tron Ask the court to —pause the case of fraud over ‘potential resolution’
The US Securities and Exchange Commission, the Tron Foundation and Justin Sun filed a joint motion Wednesday asking a federal judge to —Paus the ongoing case of security regulator against the Crypto businessman and his company.
Movement is similar to motions filed in ongoing cases against the SEC Coinbase and Binance. In both cases, the parties said they were working toward a “potential resolution” of their cases. CEO of Coinbase CEO Brian Armstrong last week that the SEC agreed to overthrow its case Against the Exchange straight, the pending commissioner approved.
“In this case, the parties have submitted that each of their interests stay in this regard as they consider a potential resolution and agree that no party or not party will be prevented from staying,” said Wednesday’s filing. “Moreover, the stay is in the court’s interests and public interests because a resolution will protect judicial resources by avoiding the court’s need to resolve the waiting movement of the defendants to remove the complaint.”
The SEC accused the Tron, Sun and BitTorrent in July 2023saying the defendants are engaged in market manipulation, fraud and the release of unregistered security.
The Sun tried to arouse the volume of TRX token by washing the trade, the SEC said at that time. The regulator said the employees of the Tron Foundation conducted more than 600,000 washing trading.
District Judge District Edgardo Ramos, who oversees the case, refused the SEC’s efforts to force Tron to file an additional response to pre-trial motions. Tron filed a movement to remove the lawsuit last year.
Day is A Counselor in World Liberty FinancialA company associated with US president Donald Trump, After purchasing $ 30 million worth of company WLFI tokens. World Liberty, for its part, Buy tron of tron of tron As part of its treasury token.
Read more: Founder financial credits on Trump’s freedom of Justin Sun for project success
