The post Tron Founder Justin Sun Faces Off With The SEC, ETFSwap (ETFS) And Cardano (ADA) Maintain Full Transparency appeared on BitcoinEthereumNews.com.

As cryptocurrencies like Tron (TRX) face regulatory scrutiny, others like Cardano (ADA) and innovative projects such as ETFSwap (ETFS) are doubling down on their commitment to transparency and accountability.  The importance of transparency within a blockchain network cannot be stressed enough, as this feature is important for both the security and experience of users. In the cryptocurrency industry, seasoned investors majorly opt for investment projects that provide complete transparency, allowing them to verify their transactions within the blockchain network.   Although some crypto projects focus majorly on improving their performance, innovative trading platforms ETFSwap (ETFS) prioritizes both performance and transparency. This builds trust and ensures that users can trade ETFs securely and efficiently on its advanced trading system.  Tron (TRX) Justin Sun Faces New SEC Allegations In a surprising twist in Tron (TRX) Founder Justin Sun’s legal case with the United States Securities and Exchange Commission (SEC), the regulatory agency has renewed its complaint against the crypto founder. On Wednesday, April 17, the US SEC filed its revised complaint, accusing Sun of fraudulent behavior and selling unregistered securities of Tron (TRX) and BitTorrent (BTT) tokens. The regulatory agency claimed that Sun had traveled extensively across the United States, executing business operations that were related to his other three companies, Tron Foundation, BitTorrent Foundation, and Rainberry.  According to the SEC’s allegations, Sun had been in the US, between 2017 and 2019, spending over a year going on business trips across different states, including New York, San Francisco, Boston and Massachusetts. By disclosing the Tron (TRX) founder’s activities and travels, the regulator potentially hopes to justify its jurisdiction and allegations regarding selling unregistered securities.  Cardano (ADA) Commits To Ensuring Transparency In a recent post on X (formerly Twitter), the Chief Executive Officer (CEO) of the Cardano Foundation, Frederick Gregaard shed light on the…

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Filed under: News - @ April 26, 2024 3:20 am