Tron Foundation and Justin Sun Seek Legal Pause in SEC Lawsuit Over Market Manipulation Allegations

In a significant development within the crypto space, the U.S. SEC, in conjunction with the Tron Foundation and Justin Sun, has filed a *joint motion* requesting a federal judge to temporarily halt the ongoing lawsuit against Sun and his enterprise, Tron. This strategic move mirrors prior suspension requests seen in cases involving pivotal players like *Coinbase* and *Binance*, highlighting an effort to reach an amicable resolution. The lawsuit, initiated by the SEC in July 2023, accuses Tron and Justin Sun of engaging in market manipulation, fraud, and the issuance of unregistered securities. It specifically alleges that Sun inflated trading volumes of the TRX token through extensive wash trading, purportedly involving over 600,000 trades orchestrated by Tron employees. Notably, the presiding judge previously denied the SEC’s attempts to compel Tron to provide further documentation in this contentious case.