The controversy surrounding Justin Sun and Tron has escalated in Washington 🇺🇸.
🧨 U.S. lawmakers press the SEC over Tron and Justin Sun
🔍 What happened?
• Senator Jeff Merkley and Representative Sean Casten sent a letter to the SEC questioning the suspension of the lawsuit against Justin Sun, founder of Tron.
• The SEC had accused Sun in 2023 of offering unregistered securities and market manipulation.
• In February 2025, after Gary Gensler stepped down as chairman of the SEC, the regulator requested to suspend the case. A month later, Tron went public on Nasdaq through a reverse merger.
💥 Raised suspicions:
• Lawmakers suggest that Sun's investments in projects linked to Donald Trump (such as World Liberty Financial and his memecoin Official Trump) may have influenced the SEC's decision.
• They question whether Tron poses a financial and national security risk due to its alleged ties to the Chinese government.
⚖️ Sun's defense arguments:
• He claims that the tokens were sold outside the U.S. and that the SEC has no jurisdiction over foreign digital assets.
• Judge Edgardo Ramos rejected part of the SEC's arguments, allowing the case to continue but weakening its position.