Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

Justin Sun restarts Tron Foundation ahead of SEC lawsuit hearing

Market and Events: Justin Sun restarts Tron Foundation ahead of SEC lawsuit hearing

Tron Foundation, which was terminated in April 2023, has resumed its work, as Protos reports with reference to the Accounting and Corporate Regulatory Authority of Singapore (ACRA).

Recall that in March 2023, the US Securities and Exchange Commission (#SEC) filed a lawsuit against Justin Sun, Tron Foundation and several influencers. The SEC alleged that #TRX and BTT tokens are securities and accused the individuals involved of fraudulently inflating the value of TRX artificially, as well as selling derivatives without proper licensing.

Court documents dated April 2023 showed that the #Tron Foundation was temporarily shut down. Justin Sahn's legal team subsequently asked repeatedly for the hearing to be rescheduled, citing the organization's reorganization as one of the reasons.

According to information provided by Protos, the Tron Foundation has now resumed operations. On February 16, 2024, the court is expected to consolidate the cases of Sun, DeAndre Cortez Way and Austin Mahone, who are defendants in the SEC suit. While Austin Mahone has already been convicted, DeAndre Cortez Way reached a settlement with authorities in August 2023.

The completion of the Tron Foundation restructuring will likely expedite the trial. However, no specific date has been set for #Justin Sun's trial at this time.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Make crypto bots for trading
Press Releases: Celebrates 11th Anniversary with Prize Activities and Vision for the Future, a leading crypto exchange and Web3 innovator, has announced its 11th-anniversary celebrations, showcasing its milestones and launching prize-winning activities for its global user..
Press Releases: Happening Right Now - Marginly is Bootstrapping Liquidity
Marginly, the leverage-as-a-service protocol that enables one-click leverage on yield-bearing assets, kicked off its Liquidity Bootstrap Event on May 15. The protocol is rewarding..
Altcoins: The founder of Telegram commented on the launch of the Notcoin token
Pavel Durov, the creator of the Telegram messaging platform, shared his thoughts on the introduction of the Notcoin (NOT) cryptocurrency. He emphasized that the initiative has attracted more..
Regulation: The French regulator announced a possible blocking of the Bybit platform
The French financial markets regulator (AMF) has issued a warning to investors about the possible restriction of access to the Bybit platform's website. It also noted that..