The Securities and Exchange Commission’s (SEC) case against Justin Sun, a prominent figure in the crypto industry, and his company has seen a new development. At the heart of the prosecution lies the accusation of manipulating TRX, the native token of the TRON network.
Read CRYPTONEWSLAND onIn a recent turn of events, the presiding judge has granted the defense an extension, pushing their deadline to December 8, 2023. This extended timeline offers both parties an opportunity to “explore possible resolution of the SEC’s claims against defendants before motion practice.”
Such an extension is not uncommon in complex legal matters, especially when there’s a potential for out-of-court settlements or resolutions. It provides the parties involved adequate time to deliberate, negotiate, and potentially come to an agreement that might be mutually beneficial, without the complications and uncertainties of a drawn-out court battle.
While the specifics of the discussions remain confidential, the crypto community will be keenly watching for any signs of a resolution or further developments. Given the significance of the case and its potential ramifications on the broader crypto landscape, its outcome will undoubtedly be of paramount importance to investors, stakeholders, and industry watchers.
#Ethereum struggles against bearish trend amidst regulatory uncertainty. Technical indicators hint at market turbulence. 📊…
Ethereum's EIP-4844 by Vitalik Buterin proposes Multidimensional Gas Pricing to enhance efficiency, scalability, and transaction…
Lisbon, Portugal, May 9th, 2024, ChainwireAzuro, the leading liquidity layer for onchain predictions, and Chiliz,…
The platform is designed to maximize earnings from the blockchain's native yield capabilities. With its…
The strength of BlastUP lies in its innovative concept and its integration with the Blast…
#LocalMonero, a peer-to-peer #Monero trading platform, announces closure amid regulatory pressures, Nov 7, 2024 last…