百币精
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Justin Sun's $75 million breakthrough, the secret connection between the SEC and Trump's crypto project
The U.S. SEC filed a lawsuit against Justin Sun and his Ton Foundation, Bit Terry Foundation, and Rain Berry in March 2023, accusing them of illegally selling unregistered securities through TRX and BTT and manipulating prices in the secondary market. Justin Sun filed a motion to dismiss the lawsuit, arguing that the related transactions occurred outside the United States, and therefore the SEC had no jurisdiction. However, the SEC countered that Justin Sun had frequently visited the U.S. in the past, thus U.S. courts have jurisdiction.
This multi-million dollar legal dispute took a dramatic turn. The U.S. SEC recently reached a consensus with Justin Sun to request a suspension of the lawsuit from the federal court, seeking a 60-day buffer period. During this time, both parties will submit a joint report and engage in settlement negotiations. Meanwhile, Justin Sun has become the largest investor in Trump's crypto project Word Liberty Financial and serves as chief advisor, having invested a total of $75 million, including a $30 million investment last November and an additional $45 million acquisition of the Bofi token last month.
Justin Sun's maneuver has successfully broken the deadlock, making a precise investment in Trump's crypto project WLFI, becoming the largest financier with his $75 million investment, and also serving as chief advisor, earning him the nickname “the crypto Kushner.” Coincidentally, the Trump administration has significantly relaxed crypto regulation, and the U.S. has recently begun to withdraw lawsuits and suspend litigation. Justin Sun's close alignment with Trump's camp may indeed allow the SEC to ultimately let go, and it must be said that his move was exceptionally clever. #美SEC：Meme币非证券 #芝商所将推出SOL期货
The U.S. SEC filed a lawsuit against Justin Sun and his Ton Foundation, Bit Terry Foundation, and Rain Berry in March 2023, accusing them of illegally selling unregistered securities through TRX and BTT and manipulating prices in the secondary market. Justin Sun filed a motion to dismiss the lawsuit, arguing that the related transactions occurred outside the United States, and therefore the SEC had no jurisdiction. However, the SEC countered that Justin Sun had frequently visited the U.S. in the past, thus U.S. courts have jurisdiction.
This multi-million dollar legal dispute took a dramatic turn. The U.S. SEC recently reached a consensus with Justin Sun to request a suspension of the lawsuit from the federal court, seeking a 60-day buffer period. During this time, both parties will submit a joint report and engage in settlement negotiations. Meanwhile, Justin Sun has become the largest investor in Trump's crypto project Word Liberty Financial and serves as chief advisor, having invested a total of $75 million, including a $30 million investment last November and an additional $45 million acquisition of the Bofi token last month.
Justin Sun's maneuver has successfully broken the deadlock, making a precise investment in Trump's crypto project WLFI, becoming the largest financier with his $75 million investment, and also serving as chief advisor, earning him the nickname “the crypto Kushner.” Coincidentally, the Trump administration has significantly relaxed crypto regulation, and the U.S. has recently begun to withdraw lawsuits and suspend litigation. Justin Sun's close alignment with Trump's camp may indeed allow the SEC to ultimately let go, and it must be said that his move was exceptionally clever. #美SEC：Meme币非证券 #芝商所将推出SOL期货
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