⚖️ SEC closes lawsuit against Justin Sun, BitTorrent pays $10 million fine. The U.S. Securities and Exchange Commission (SEC) has reached a settlement in a lawsuit that has been ongoing since 2023 with Justin Sun and other entities related to the TRON ecosystem. According to the ruling in a New York court: Rainberry Inc. (the company that developed BitTorrent) will pay a $10 million fine. The SEC has dropped all charges against Justin Sun, the TRON Foundation, and the BitTorrent Foundation. Notably, the withdrawal of the complaint was done “with prejudice,” meaning the SEC cannot pursue similar allegations again in the future. The parties accepted the settlement but neither admitted nor denied wrongdoing. 📌 The lawsuit began in March 2023, when the SEC accused Justin Sun of selling unregistered securities through TRX and BTT, manipulating the market through wash trading, and promoting Token with celebrities without disclosing compensation. This settlement is XEM as a sign that the SEC is taking a softer approach to crypto, after the agency also reached agreements or withdrew from several major lawsuits in the industry.