The SEC has filed a lawsuit against Tron founder, Justin Sun, and celebrities over the sale and touting of allegedly unregistered securities.
The United States Securities and Exchange Commission, or SEC, has called for a jury trial against Tron founder Justin Sun for the “orchestration of the unregistered offer and sale, manipulative trading, and unlawful touting of crypto asset securities.”
In a March 22 filing in U.S. District Court for the Southern District of New York, the SEC named Sun, the Tron Foundation, the BitTorrent Foundation, and Rainberry over the offer and sale of Tron and BitTorrent , alleging the tokens were securities. The financial regulator further alleged Sun engaged in “manipulative wash trading,” driving drive public interest in the two tokens by enlisting the help of celebrities.
Among the celebrities promoting TRX and BTT were American rapper DeAndre Cortez Way, also known as Soulja Boy, Austin Mahone, actress Lindsay Lohan, YouTuber Jake Paul, and singer Aliaune Thiam, also known as Akon. Akon was also behind projects to“Although the celebrities were paid to promote TRX and BTT, their touts on social media did not disclose that they had been paid or the amounts of their payments,” said the SEC complaint.
Today we charged crypto entrepreneur Justin Sun and three of his wholly-owned companies for the unregistered offer and sale of crypto asset securities Tronix and BitTorrent.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
SEC charges Tron's Justin Sun and celebrities including Lindsay Lohan, Jake PaulCelebrities including Lindsay Lohan, Jake Paul, and Soulja Boy were named alongside Tron founder Justin Sun in an SEC enforcement action announced on Thursday.
Lire la suite »
Tron Network’s TRX Drops 13% Following SEC Charges Against Justin SunTron Network’s native token TRX fell roughly 13% following the news that the SEC had charged Justin Sun with selling unregistered securities and market manipulation. Other Sun-related tokens also fell. reporting
Lire la suite »
Tron Founder Justin Sun Sued by U.S. SEC on Securities, Market Manipulation ChargesJUST IN: The SECgov is suing justinsuntron on fraud and market manipulation charges, and alleging that TRX and BTT are unregistered securities. nikhileshde reports
Lire la suite »
SEC charges Tron founder Justin Sun with fraud, Lindsay Lohan with illegally touting crypto securitiesThe nation's top security regulator charged Justin Sun, founder of the crypto platform Tron with fraudulent manipulation of Tronix tokens
Lire la suite »
Breaking: Tron (TRX) Price Plunges as SEC Sues Justin SunThis development adds to the growing list of regulatory actions and scrutiny faced by the cryptocurrency industry
Lire la suite »
SEC Charges Tron Founder Justin Sun, Celebrities Lindsay Lohan, Jake Paul With Crypto ViolationsGroup of celebs, including Lindsey Lohan and Jake Paul, settle with SEC after being accused of touting crypto tokens on social media without disclosing they were compensated
Lire la suite »