The post SEC and Tron’s Justin Sun Seek Litigation Pause for Settlement Talks appeared on BitcoinEthereumNews.com.

TLDR Justin Sun and the SEC have jointly requested a 60-day pause in their legal battle to explore settlement options The SEC sued Sun in March 2023 over unregistered securities offerings of TRX and BTT tokens and alleged wash trading Both parties argue the pause would benefit the court and public by conserving judicial resources The request comes as the court was considering Sun’s motion to dismiss the lawsuit This development follows a shift in SEC approach under Trump administration, with several crypto-related cases being closed In the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and cryptocurrency entrepreneur Justin Sun, both parties have jointly requested a pause in court proceedings. The filing, submitted on February 26, 2025, to the U.S. District Court for the Southern District of New York, asks Judge Edgardo Ramos to stay the case for at least 60 days. The joint request aims to give both sides time to discuss a potential settlement. This would allow them to resolve their differences without further litigation. The SEC and Sun’s attorneys stated in their filing that this pause would benefit everyone involved. They argued it would save court resources and serve the public interest. Judge Ramos has not yet made a decision on the request. The court was in the process of considering Sun’s motion to dismiss the case when this new filing was submitted. Legal Dispute The legal dispute began in March 2023 when the SEC filed a lawsuit against Sun. The regulatory body accused the Tron founder and his companies of conducting unregistered securities offerings. These companies included the Tron Foundation, BitTorrent Foundation, and Rainberry, Inc. The SEC claimed they were involved in the unregistered offering and sale of TRON (TRX) and BitTorrent (BTT) tokens. Beyond the securities allegations, the SEC also accused…

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Filed under: News - @ February 27, 2025 12:19 pm