The U.S. Securities and Exchange Commission (SEC) dismissed charges against Justin Sun and the Tron Foundation; Rainberry agreed to pay a $10 million fine.

PANews reported on March 6th that, according to The Block, the U.S. Securities and Exchange Commission (SEC) has dropped its 2023 charges against TRON founder Justin Sun, the TRON Foundation, and the BitTorrent Foundation, based on a final ruling issued Thursday by the Southern District of New York court. Rainberry, the company behind the BitTorrent protocol and BTT token developed by Sun, was fined $10 million and agreed to never engage in fraudulent market practices. In 2023, the SEC accused Sun and related companies of selling TRX and BTT tokens without registration and manipulating the price of TRX through fraudulent trading. Rainberry's fine primarily targeted its alleged market manipulation. Since Trump took office, the SEC has dropped several lawsuits against cryptocurrency institutions.