$BTTC

SEC and Justin Sun want to settle their fraud case. Both have asked the court to temporarily halt the proceedings. Recently, the SEC has also withdrawn cases against several other crypto companies, indicating that they now want to conclude this matter quickly. The SEC's accusation was that Sun illegally sold crypto and engaged in fake trading to inflate prices, and paid celebrities to promote it without disclosure. Sun had argued that all this happened outside the US, so the SEC had no right to interfere. But now it seems a settlement will be reached, and Sun may have to pay some penalty.