Justin Sun is ‘very happy’ about the $10 million SEC settlement

The US regulator dismissed all claims against Sun, the Tron Foundation and the BitTorrent Foundation.

Justin Sun, the founder of the Tron Foundation, took to X to announce that the US Securities and Exchange Commission’s claims against him have been officially dismissed after reaching $10 million.

The lawsuit began at the height of the SEC administration’s previous war on crypto, when it and several other parties were sued for several trading schemes.

The claim was rejected

Sun on X noted that it is “very pleased” with the decision made by the US regulator to dismiss all claims against it, the Tron Foundation and the BitTorrent Foundation. He believes the move will “shut down” but vowed to continue construction.

Sun added that the United States, which should become a global center of cryptography, as repeatedly stated by President Trump and his administration, will be a major focus in his future plans.

I am very pleased to confirm that the SEC has moved to dismiss all claims against me, the Tron Foundation and the BitTorrent Foundation.

Today’s resolution closes, but I never stopped building. I will continue to focus on accelerating innovation in and around the United States…

– HE Justin Sun 👨‍🚀 🌞 (@justinsuntron) March 5, 2026

The settlement includes a $10 million civil fraud settlement, but Sun and his companies did not admit or deny any wrongdoing, said U.S. District Judge Edgardo Ramos in Manhattan.

The claim itself

It began in 2023 when Sun was accused of organizing unregistered sales of cryptographic securities related to TRX and BTT tokens and manipulating trading volumes. According to the SEC, Sun attempted to artificially inflate the trading volume of TRX through wash trading schemes from April 2018 to February 2019, and involved employees of the Tron Foundation using accounts controlled by them and the BitTorrent Foundation to participate in more than 600,000 illegal trades.

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The agency also alleged that Sun sold a large portion of TRX tokens on the secondary market and “earned $31 million in proceeds from illegal, unregistered offerings and token sales (TRX).”

Two years after the trial began, the US inspector general asked the federal court overseeing the case for a delay, which halted the trial. However, when the US administration changed, Sun became a major financial backer of Trump-related crypto ventures and bought billions of WLFI tokens, making him the biggest backer of World Liberty Financial.

Although TRX and BTT crashed immediately after the trial began three years ago, the impact on performance has been minimal in the past 12 hours since Sun’s announcement. TRX is up 0.5% on the day, while BTT is actually down 1%.