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JUST IN: The proposed $10 million settlement between the SEC and Justin Sun not only seeks to close a case that has been open since 2023, but it could also complicate the regulator's narrative under Donald Trump, who has tried to distance himself from the idea that most crypto tokens are securities.
The SEC proposed settling its case against Justin Sun for $10 million and dropping the pending charges.
Legal experts believe the settlement implies that the agency did indeed claim jurisdiction over TRX and BTT under the Securities Act of 1933.