Cena Sun [New]SUN

Too many people think it's good to go into the house of the US President and get into a pissing match with him. If that's you do yourself a favor and go read The Art of War by Sun Tzu.

The U.S. Securities and Exchange Commission has dropped its case against Ethereum software developer Consensys, marking another regulatory win for the digital asset industry. MetaMask creator Consensys became the latest cryptocurrency and decentralized finance provider to gain relief from a federal investigation launched by the previous Securities and Exchange Commission leadership as of Feb. 27. Joseph Lubin, Consensys founder and Ethereum co-founder, said both parties had reached an in-principle agreement to end the SEC’s probe. Consensys was one of several crypto firms scrutinized by the agency in 2024. The SEC had alleged that Lubin’s blockchain developer, through its MetaMask non-custodial wallet, operated as an unregistered securities broker and failed to implement standard consumer protection measures. The case was built on the premise that most cryptocurrencies are securities and must be registered with the SEC, a position strongly advocated by former SEC Chair Gary Gensler. Also, the lawsuit against Consensys, and a counter-suit by Lubin’s firm, unearthed a year-long SEC investigation into Ethereum’s blockchain. The probe was dropped after MetaMask’s creator challenged the agency’s claims. “We were committed to fighting this suit until the bitter end but welcome this outcome,” Lubin said in an X post, celebrating his company’s win. I'm pleased to announce that Consensys and the SEC have agreed in principle that the securities enforcement case concerning MetaMask should be dismissed. Subject to the approval of the Commission, the SEC will file a stipulation with the court that effectively closes the case.… Several crypto service providers have received similar updates from the SEC this year, after Donald Trump took office and acting Chair Mark Uyeda succeeded Gensler. At press time, the SEC has now dropped its cases against Coinbase, OpenSea, Robinhood , Uniswap , and Gemini . The agency’s Crypto Task Force also considered closing lawsuits levied against Binance and Tron founder Justin Sun.

Tron founder Justin Sun has scored a legal victory in a major defamation lawsuit against Sina. On December 31, 2024, The Beijing Internet Court determined that Sina’s earlier claims of insider trading and federal investigations were incorrect and defamatory in nature. After the court’s verdict, Sina issued a public apology on February 7, 2025. They also formally decided against an appeal on February 26, 2025. The media giant has since paid Sun RMB 31,338 in damages, concluding the six-year legal dispute. Sun, the founder of Tron, welcomed the outcome. He pointed out that this ruling establishes a legal precedent against misinformation in the crypto industry. In his post, Sun stated, “The fundamental reason this case took so long was the sheer volume of rumors spread about me. This verdict proves that all allegations against me were false.” He further highlighted how widespread misinformation can affect public perception. He added that his daily efforts aim to challenge biases and encourage positive change in the industry. Related: HTX Hints at Justin Sun & Trump Crypto Ties in Cryptic Post In the English translation, he stated, ” My daily work is to change these prejudices, change our industry, and change the world to make it beautiful and kind to everyone. Today’s victory is not only a victory for my personal reputation but also a victory for the rule of law, justice, and the industry!” In the defamatory article, Sina reported that the FBI and IRS had launched investigations against Sun. These claims circulated widely, generating controversy regarding his business dealings. By choosing not to appeal the latest court ruling, Sina has essentially accepted the judgment. They published an apology on its platform and compensated Sun as ordered by the court. Related: TRON Memecoin Revival? SunPump Sees Surge in Token Activity Sun in his post termed the victory as more than just a personal win. “Today’s victory is not just about my reputation—it is a victory for justice, the rule of law, and the entire industry,”* he stated. The case highlights the ongoing challenges crypto entrepreneurs face in the media landscape, where misinformation can significantly impact reputations. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The U.S. Securities and Exchange Commission (SEC) closed all legal actions against Justin Sun together with his companies Tron Foundation along with BitTorrent Foundation and Rainberry. The lawsuit pause between both parties will enable civil discussions for settlement agreement resolution. The lawsuit against Sun accused him of breaking U.S. securities laws by distributing cryptocurrency assets valued at billions when it was filed in March 2023. The SEC document shows the involved parties aim to reach an agreement which lead to their request for a 60-day extension to report their status. The temporary stop represents the willingness of all parties to settle their dispute peaceably. The crypto industry focused on this case because U.S. regulatory actions toward digital assets have become a major point of interest. The SEC finalized its Gemini cryptocurrency exchange investigation after conducting an investigation that lasted about two years. The SEC launched an investigation through a Wells Notice that finally terminated after continuing for 699 days without resulting in enforcement action. The investigation joins other SEC cases which have been stopped during their course of action including targeted enforcement against platforms Coinbase , OpenSea and Robinhood. Cameron Winklevoss from Gemini felt relief at the SEC’s actions while he also showed frustration about the entire process. The legal fight with the SEC required Gemini to spend tens of millions in legal expenses while simultaneously damaging the overall development of the crypto industry. Cameron Winklevoss expressed concern about the SEC’s approach to crypto regulation because it has created destructive effects on startup activity in the cryptocurrency field. The industry lost crucial investments because of regulatory ambiguity which otherwise could support new projects together with innovative technologies. The SEC’s methods toward cryptocurrency create both economic and ethical damage according to Winklevoss in his public declaration. He demanded major reforms to enhance government agency responsibility particularly directed at the SEC because of its current actions. Winklevoss attempted to reform government agencies through his recommendation that they should compensate legal expenses when investigations start without established guidelines. Winklevoss demanded an administrative procedure which would stop abusive utilization of power by government officials from leading to future promotions. According to him these measures have restricted innovation and produced enduring damage to both industry operations and the United States economy. The crypto community is increasing its sense of frustration regarding U.S. administrator actions that members view as too aggressive and unfocused in cryptocurrency regulations. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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