GuShiio.com GuShiio.com learned that according to Inner City Press, the U.S. Securities and Exchange Commission (SEC) has requested a suspension of the case in the SEC v. Justin Sun and TRON Foundation case to allow both parties to explore potential solutions.
According to CoinDesk, the SEC, the TRON Foundation and Justin Sun filed a joint motion with a federal judge on February 26, 2025, seeking to stay the SEC’s 2023 lawsuit against Justin Sun and his company. The motion is similar to the one filed by the SEC in lawsuits filed against Coinbase and Binance, which both sides said are working towards a potential resolution. The SEC sued TRON, Justin Sun and BitTorrent in July 2023, accusing them of market manipulation, fraud and the issuance of unregistered securities.
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