Interesting development in the crypto world: I just learned that Justin Sun and his companies have finally settled a long-standing dispute with the SEC. The settlement came after a three-year investigation that began back in March 2023.

For reference, the SEC filed a lawsuit against Tron founder Justin Sun, accusing him and related companies of unregistered offerings of TRX and BTT tokens from BitTorrent. The regulator claimed that Justin Sun and his entities (Tron Foundation, BitTorrent Foundation, and Rainberry) artificially inflated trading volumes and concealed payments to influencers promoting these assets. At that time, Gary Gensler was heading the SEC, known for his strict stance toward the crypto sector.

Now, to the details. Under the terms of the settlement, Rainberry will pay a fine of $10 million. In return, the SEC withdrew all claims not only against Rainberry but also against Justin Sun himself, the Tron Foundation, and the BitTorrent Foundation. Additionally, Rainberry is subject to a permanent court injunction prohibiting violations of securities laws and fraudulent practices in asset offerings.

What’s interesting? Despite this legal victory for Justin Sun, the TRX token did not gain any momentum. At the time of the settlement, the price was around $0.28, and now it’s trading at about $0.32. The market reacted quite calmly to the news. Perhaps investors have long forgotten about this case or simply see nothing revolutionary for the Tron ecosystem. In any case, closing this dispute is definitely a good sign for the project and for Justin Sun himself.