Justin Sun, the founder of the Tron Foundation, announced plans to switch to crypto regulation following the end of his role as ambassador of Grenada to the World Trade Organization. On March 31, Sun's term as ambassador finished and he tweeted his intentions to focus on crypto regulation and the digital economy moving forward. Sun advocated for the importance of these two aspects for the further development of the global trade.

The end of Sun's term was followed by the United States Securities and Exchange Commission (SEC) filing charges against him and three affiliated companies. The accusations included selling unregistered Tron (TRX) and BitTorrent (BTT) tokens to investors, as well as creating secondary markets for trading these assets. This news caused a 6 percent drop in TRX prices and prompted YouTuber Ben Armstrong (also known as BitBoy) to ask if exchanges would start delisting TRX following the lawsuit filed against Ripple in late 2020. Armstrong further asserted that Justin Sun had wash-traded TRX tokens.

At this point, Justin Sun has not been found guilty of these charges, however the SEC's actions show the importance of being aware of the regulations in the cryptocurrency space. As Sun looks to reenter the crypto industry, his focus on regulation and digital economy continues to grow in relevance. The SEC has an ongoing investigation into the matter, and it will be interesting to see what the outcome of the investigation is, and how his plans for the future of the industry move forward.



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