🚨 Justin Sun Under Investigation by US SEC for Alleged Crypto Fraud! 🚨
Tron CEO Justin Sun is now in the spotlight after the US Securities Exchange Commission (SEC) launched an investigation into him over allegations of fraud and market manipulation. 🔍
💥 The case began in March 2023, where Sun, along with Tron Foundation Limited and BitTorrent Foundation Ltd., were accused of selling unlicensed securities and engaging in fraudulent activities for TRX and BTT tokens.
💰 The SEC also accused Sun of paying celebrities to promote Tron and BitTorrent without disclosing their compensation, which is a clear violation of the Securities Act.
🔥 Interestingly, there is reportedly a link between Sun's US$30 million investment in crypto and Donald Trump's victory in politics, adding to the regulator's tension.
Is this a sign that the SEC is getting serious about regulating the crypto market? 🤔
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💬 Comments:
"This case further reminds us of the importance of transparency and regulatory compliance, especially in the rapidly evolving crypto market. Strong enforcement against market manipulation and fraud could be a positive step to protect investors and encourage healthier crypto adoption."
📉 What do you think about the SEC's actions? Will it have a major impact on the crypto market? Share in the comments! 👇
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