The U.S. Securities and Exchange Commission (SEC) and Tron founder Justin Sun have jointly requested a stay in their civil fraud lawsuit, signaling a potential settlement in the case. This development is part of a broader trend of the SEC dropping or pausing cryptocurrency-related lawsuits under the new Trump administration.
This week the U.S. SEC warned Coinbase about enforcement actions and filed a lawsuit against BitTorrent by Justin Sun for violating U.S. securities laws. Moreover, the regulator has warned investors about crypto securities. The SEC urges investors to be cautious with crypto asset securities. They would be exceptionally volatile and speculative. Crypto platforms may lack essential protections for investors. The wording crypto asset securities implies a regulatory obligation.Â