Justin Sun ‘Very Happy’ With $10 Million SEC Settlement

The US regulator dismissed all claims against Sun, the Tron Foundation, and the BitTorrent Foundation.

Justin Sun, the founder of the Tron Foundation, took it to X to announce that the claims against him made by the US Securities and Exchange Commission have been officially dismissed after reaching a $10 million settlement.

The case began at the height of the SEC’s previous administrative war on crypto, when he and several other groups were accused of several trading schemes.

Case Dismissed

Sun explained to X that he was “very happy” with the decision made by the US regulator to dismiss all claims against him, the Tron Foundation, and the BitTorrent Foundation. He believes the move is “closing,” but promises to continue building.

Sun added that the United States, which needs to be the hub of crypto around the world as stated many times by President Trump and his administration, will be the focus of his future plans.

I am very pleased to confirm that the SEC has moved to dismiss all claims against me, the Tron Foundation, and the BitTorrent Foundation.

Today’s decision brings closure, but I didn’t stop building. I will continue to focus on accelerating innovation in and around the United States…

— HE Justin Sun 👨‍🚀 🌞 (@justinsuntron) March 5, 2026

The decision to settle the civil fraud case comes with a $10 million settlement, but Sun and his companies did not admit or deny any wrongdoing, said US District Judge Edgardo Ramos in Manhattan.

The case itself

It started in 2023 when Sun was accused of organizing unregistered sales of crypto securities tied to TRX and BTT tokens and manipulating trading prices. According to the SEC, Langa attempted to illegally deposit TRX trading volume by using wash trading schemes between April 2018 and February 2019, causing Tron Foundation employees to participate in more than 600,000 illegal trades using accounts controlled by them and the BitTorrent Foundation.

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The agency also said that Sun sold a large portion of TRX tokens in the secondary market and made a profit of “$31 million from the illegal, unregistered offering and sale of the token (TRX).”

Two years after the trial was started, the US Department of Justice asked the federal court overseeing the case to withdraw it, and the trial was dismissed. However, when the US administration changed, Sun became a major financial supporter of crypto-linked crypto ventures, buying billions of WLFI tokens, which made him a major supporter of World Liberty Financial.

Although TRX and BTT crashed immediately after the lawsuit began three years ago, the impact on performance in the last 12 hours after Sun’s announcement was minimal. TRX is up 0.5% for the day, while BTT is actually 1% down.