Back in March 2023 the Securities and Exchange Commission in the U.S took legal action against Tron Founder Justin Sun, citing fraud and market manipulation. This was another in a long series of SEC driven “lawfare” actions starting with the Binance founder Cz who was granted a pardon by the Trump Administration. There are numerous cases of “lawfare” against the crypto industry in the U.S. prior to this pro crypto administration. However most cases hung by tenuous thread and retrospect didn’t hold up to unbiased scrutiny, leading to pardons and or cases being dropped, as is observed with Justin Sun who has confirmed the SEC has moved to dismiss all claims against him, the Tron Foundation and BitTorent Foundation.
Just 3 years prior the SEC issued this statement:
“Today we charged crypto entrepreneur Justin Sun and three of his wholly-owned companies for the unregistered offer and sale of crypto asset securities Tronix and BitTorrent.“
A damning statement for any entrepreneur, which under the Trump Administration, has been dismissed. This raises serious concerns over the legitimacy of previous administrations decisions particularly ones in aid of “choking” the crypto industry.
Justin Sun posted the following on X post the decision:
“I am very pleased to confirm that the SEC has moved to dismiss all claims against me, Tron Foundation, and BitTorrent Foundation.
Today’s resolution brings closure, but I never stopped building. I will continue to focus on accelerating innovation in the United States and around the world and look forward to working with the SEC to develop guidance and regulations for crypto going forward.
The future is bright.”
Further underscoring that the age of crypto is here and it will not be brushed aside by lawsuits that can’t past muster under impartial eyes.