The US Securities and Stock Exchange Committee (SEC) stops its civil case against Justin Sun, the founder of TON (TRX).
According to the hadith Court filesSun and the organizational agency jointly asked one of the federal judge whether they could “move to stay [the] A case to allow the parties to explore a possible decision. “
The request says,
“In this case, the parties offer that it is in their interest to keep this while thinking about a potential solution and agree that no party or party will be biased.
Moreover, there is a residence in the court and the best interests of the public because the decision will make judicial resources by avoiding the need for the court to resolve the suspect’s request to the suspended to refuse the complaint. A proposed residence overlaps with the absence of final dates issued by the court. “
American boycott judge Edgardo Ramos Granted The application after a day, according to the documents.
In 2023, Sun – who continued to invest millions of dollars on the non -central financing platform of President Donald Trump accused From fraud, selling unregistered securities and addressing the price of TRX digital assets through washing circulation.
Last April, TON submitted a request to reject the case, saying that SEC has no jurisdiction to regulate foreign deals and investments.
It was also mentioned in the proposal of lawyers who represent you at the time,
“SEC is not a global organizer. Its efforts to take advantage of the highly hidden communications to the United States, to expand US stock law to cover foreign behavior mostly, move to a large extent and should be rejected.”
SEC has also recently dropped other prominent cases against encryption companies, including Metamask Developer Conssysys and Top Crypto Excination Coinbase.
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