Rainberry Settles SEC Case for $10M, Clearing Civil Claims Against Justin Sun
Rainberry Inc., the company behind BitTorrent, agreed to a $10 million settlement with the U.S. Securities and Exchange Commission that ends the regulator's civil fraud case and dismisses all remaining civil claims against Justin Sun and affiliated foundations with prejudice, Reuters reports. The SEC's case centered on token sales, trading practices, and alleged unregistered offerings involving TRX and BTT, and the resolution removes a regulatory obstacle for the Tron Foundation and its ecosystem partnerships. TRX was trading at $0.285 following the settlement news, with resistance near $0.15 remaining untested as traders monitor liquidity, order book depth, and macro conditions.