Odaily Planet Daily News The U.S. SEC, Tron Foundation and Justin Sun filed a joint motion on Wednesday, requesting a federal judge to suspend the lawsuit against Justin Sun and his company Tron.
This motion is similar to the SEC's suspension request in the Coinbase and Binance cases, and the three parties said they are working hard to find a potential solution.
The SEC sued Tron, Justin Sun and BitTorrent in July 2023, accusing them of market manipulation, fraud and issuing unregistered securities. The SEC said that Justin Sun manipulated the trading volume of TRX tokens through wash trading, and Tron employees conducted more than 600,000 wash trades. The judge in the case had previously rejected the SEC's request for Tron to submit an additional response. (CoinDesk)