Justin Sun, billionaire, Tron founder and advisor to US President Donald Trump’s cryptocurrency venture World Liberty Financial, was recently granted relief from a civil fraud case filed against him. The SEC charged Justin Sun and three of his businesses — the Tron Foundation Limited, BitTorrent Foundation Ltd. and Rainberry, Inc. — with fraud, market tampering and issuing unregistered securities in March 2023. Mr Sun, 34, filed a motion to have the case dismissed in March 2024, denying the accusations. Court documents claim that Justin Sun illegally made $31 million by directing staff members to execute hundreds of thousands of Tronix trades between two accounts under his control. The Trump administration appears to be turning a blind eye to wrongdoing outside of the cryptocurrency industry. Trump has appointed Washington attorney Paul Atkins, who is seen as pro-digital assets, as chair of the SEC and has promised to turn the US into a global hub for the crypto business. During his presidential campaign, Donald Trump pledged to halt the regulation by enforcement strategy pursued by former SEC chair Gary Gensler.
