SEC files lawsuit against Tron’s Justin Sun and celebrities over crypto securities offering

by Aurelia Butler 22 March 2023, 21:40 139 Views

In a March 22 filing in U.S. District Court for the Southern District of New York, the SEC named Sun, the Tron Foundation, the BitTorrent Foundation, and Rainberry over the offer and sale of Tron (TRX) and BitTorrent (BTT), alleging the tokens were securities. The financial regulator further alleged Sun engaged in “manipulative wash trading,” driving drive public interest in the two tokens by enlisting the help of celebrities.

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Source: Cryptocurrency - investing.com

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SEC files lawsuit against Tron’s Justin Sun and celebrities over crypto securities offering

Arbitrum’s ARB token signifies the start of airdrop season — Here are 5 to look out for

Powell and Yellen Suggest Need to Review Regulations After Bank Failures

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