SEC and Tron’s Justin Sun File Join Request to Pause to Legal Battle

Lawyers representing the founder of the United States and the founder of Tron Justin Sun officially submitted a request to stop the ongoing legal battle. Stop for sixty days will allow the ends to explore the settlement options.

Main meals

• Justin Sun Legal joined SEC in a 60 -day request to stop the legal competition because they are considering the settlement options.
• Sun is fighting charges by the Securities and Stock Exchange Commission in March 2023, claiming trading and securities unregistered for BTT and TRX symbols.
• Both parties presented that stopping the ongoing legal battle will preserve the judicial resources, and therefore beneficial to the public and the court.
• The joint demand with the court coincides taking into account the Sun’s proposal to reject the charges.
• Development request is temporarily following a shift in the SEC approach under the Trump administration, with several encryption situations closed.

The entrepreneur at Crypto, Justin Sun, is looking to stop the continuous procedures of the court in a joint request with the US Securities and Stock Exchange Committee (SEC).

On February 26, the two parties submitted a 60 -day residence request from the Judge of the Southern Provincial Court in New York, Edgardo Ramos. The joint demand seeks to give time to both sides to explore a possible settlement. This would allow them to address differences without more litigation.

Recalin by lawyers who represent both parties to grant mutual stopping. Both will provide the resources of the court and satisfy the public interest.

Despite the application, Judge Ramos did not rule after the request. This appeared when the court weighing Sun’s proposal to reject the case when the new deposit was on both sides.

Legal battle

Justin Sun has been involved in a legal dispute with the United States of America since March 2023, when the organizational agency claimed that the entrepreneur and entities affiliated with unregistered securities offers. Besides TON, other entities mentioned Rainberry Inc. include And bitttorrent foundation.

SEC claimed that the entities participated in selling unregistered symbols to TRX (TRX) and BitTorrent (BTT).

In addition, SEC SUN claimed that Sun conducted trading by buying and selling fake assets to clarify the higher market activity. The agency provided that Sun has benefited from washing trading for the release of TRX trading volume, indicating the active participation of the market.

Celebrity approvals

The complaint submitted by the committee extends to the participation of celebrities. SEC claims celebrities who compensate Sun to enhance TRX and BTT codes without explicit disclosure.

Celebrities mentioned in the case of the sun include rapper Soulja Boy and actress Lindsay Lohan. The agency claims that they promoted both symbols without informing the target audience they obtained from these approvals.

A number of celebrities have settled with SEC through fines batches, although they did not admit that no violations were committed.

Donald Trump’s policy

It seems that the joint demand to stop the procedures has appeared as SEC seems to have turned its approach to regulating digital assets. Politics has been clear since President Donald Trump returns to the White House.

Most of the changes occurred after the exit of Gary Ginsler from the Securities and Stock Exchange on January 20. DROMP has already settled on Mark Uyeda as a prosecutor, waiting for Paul Atkins as president of SEC. The agency has so far been charged against Robinhood, Opensea and uniswap.

The game changed with Crypto Excination Coinbase, indicating the SEC principle in the union to end the lawsuit. The stock exchange stated in the previous week that the decision is awaiting the approval of the commissioners.

Developments are concerned as Justin Sun recently acquired $ 70 million of Liberty Financial (WLFI). Protocracy of the Importer Financing belongs to President Donald Trump.

Corey Frayer, head of investor protection in America, is concerned about the politicization of the Supreme Education Council, which appears to be useful for business partners in Donald Trump.

The legal teams shown in their files that the transition to the stoppage will not endanger the rights of any parties. They revealed plans to issue a joint case report within 60 days, and update progress. By the time of the press, the parties have not yet ended the agreement, and it is not certain whether Sun will recognize the mistake in an attempt to solve it.