Odaily News The U.S. SEC, Tron Foundation and Justin Sun filed a joint motion on Wednesday, asking a federal judge to suspend the lawsuit against Justin Sun and his company Tron.
The motion is similar to the SEC’s stay requests in its cases against Coinbase and Binance, and the three parties said they are working toward a potential resolution.
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)