The U.S. Securities and Exchange Commission (SEC) and Tron founder reached a consensus on 2/26 to apply to the U.S. federal court to suspend the litigation and request a 60-day buffer period from the court. Assuming the suspension is approved, the two parties will submit a joint report on the progress and start settlement negotiations. Trump Administration Attitude Change, SEC Slows Down Crypto LitigationSEC Previously Accused Justin Sun of Illegal Trading, Criticized U.S. Lack of JurisdictionJustin Sun Invested in Trump's Crypto Project WLFI May Affect the Direction of the Lawsuit **Trump Administration Attitude Change, SEC Slows Down Crypto Litigation** Since Trump (Donald Trump) took office, the SEC has repeatedly suspended or withdrawn legal proceedings against well-known exchanges such as Binance, Coinbase, Gemini, NFT trading platform OpenSea, U.S. online broker Robinhood Crypto, and decentralized exchange Uniswap. Trump promised to relax regulations on the crypto industry during his campaign and declared that he wants to make the U.S. the "global capital of cryptocurrencies". Sources have pointed out that the SEC is currently prioritizing the handling of expiring crypto cases, and in the future, the lawsuits against exchanges Kraken and Ripple may also be suspended, with the court deadlines for these two cases being in late March and mid-April respectively. **SEC Previously Accused Justin Sun of Illegal Trading, Criticized U.S. Lack of Jurisdiction** The SEC previously filed a lawsuit in March 2023 against and three of his companies, including the Tron (TRX) Foundation, the BitTorrent Foundation, and its parent company Rainberry Inc. The SEC accused of illegally selling unregistered securities through the issuance of TRX and BitTorrent token BTT, and manipulating prices through wash trading in the secondary market. subsequently filed a motion to dismiss the lawsuit, claiming that the SEC had no jurisdiction because the relevant transactions mainly occurred outside the U.S. However, the SEC refuted that had "frequently visited the U.S." in the past, and therefore the U.S. court had jurisdiction. (SEC Withdraws Investigation of OpenSea and Coinbase Lawsuit, Industry: May Become the Next Bull Market Catalyst) **Justin Sun Invested in Trump's Crypto Project WLFI May Affect the Direction of the Lawsuit** It is worth noting that previously became the largest investor in Trump's crypto project World Liberty Financial (WLFI) and was appointed as the chief advisor of the project. So far, he has invested $75 million, including $30 million in November last year and an additional $45 million to acquire WLFI tokens last month. Since the Trump administration took office, it has significantly adjusted its regulatory policy towards the crypto industry, and the SEC has repeatedly suspended or withdrawn lawsuits against multiple businesses. 's investment is closely related to the interests of the Trump camp, which may further lead the SEC to ultimately withdraw the lawsuit. (Trump's Crypto Project Expands WLFI Token Supply! Justin Sun: Invest an Additional $45 Million in WLFI)

Risk Warning

Cryptocurrency investment is highly risky, and its price may fluctuate dramatically, and you may lose your entire principal. Please carefully evaluate the risks.