Attorneys representing the US SEC and Tron founder Justin Sun formally submitted a request to pause the ongoing legal battle. The sixty-day pause will allow the parties to explore settlement options. 

Key Takeaways

  • Justin Sun’s legal team joined the SEC in jointly requesting a 60-day halt to the legal contest as they consider settlement options.
  • Sun is battling charges levelled by the SEC in March 2023, alleging wash trading and unregistered securities offerings of BTT and TRX tokens. 
  • Both parties submitted that pausing the ongoing legal battle will conserve judicial resources, thus beneficial to the public and the court. 
  • The joint request coincides with the court considering Sun’s motion to dismiss the charges. 
  • The request to pause development follows a shift in the SEC approach under the Trump administration, with several crypto-related cases being closed.

    Crypto entrepreneur Justin Sun is eyeing a pause

    Keep reading this article on E-cryptonews.com.

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