Rainberry Inc., the company behind BitTorrent, agreed to pay a $10 million 
settlement that ends a long-running SEC case. The agreement lets the regulator 
dismiss its remaining civil claims against Justin Sun and affiliated 
foundations with prejudice, meaning the SEC cannot refile those specific 
charges. Related Reading: Solana Stablecoins Hit $650 Billion In Monthly 
Transactions Sun acquired BitTorrent and integrated it into his Tron 
blockchain ecosystem, linking Rainberry and the BitTorrent Token (BTT) to his 
crypto operations. Officials framed the settlement as closure rather than an 
admission of wrongdoing. Settlement Reduces Regulatory Overhang For Crypto 
Projects Reports indicate the SEC’s case targeted allegations tied to token 
sales, trading practices, and unregistered offerings involving TRX and BTT. By 
resolving the matter through Rainberry’s payment, civil claims against Sun and 
the Tron Foundation were dismissed. Analysts say the move clears a major legal 
hurdle and may reassure exchanges, investors, and partners that the immediate 
regulatory risk has been reduced. Justin Sun’s Role And Statements On The 
Outcome Justin Sun and spokespeople emphasized that he did not admit 
wrongdoing. Sun framed the settlement as an opportunity to focus on product 
development, partnerships, and community engagement within the Tron ecosystem. 
Public filings now reflect that Rainberry’s payment closes its portion of the 
case while reinforcing Sun’s ongoing leadership of the integrated BTT and TRX 
network. The Chinese cryptocurrency entrepreneur Justin Sun reached a $10 
million settlement to resolve a US Securities and Exchange Commission civil 
fraud case over his trading activity https://t.co/qJoSVO20WC — Reuters 
(@Reuters) March 6, 2026 Traders Watch For TRX Price Breakout The market 
wasted no time reacting. Trading volume on TRX spiked on settlement news, 
though key resistance levels around $0.15 remained untested as of Thursday. 
This caution is consistent with where TRX has been for the last 18 months. 
TRX, at the time of writing, was trading at $0.285, meaning that its value is 
not in line with the record number of transactions being made on chain. At 
this point, the market is still pricing in the potential risk of an SEC 
lawsuit and not valuing TRX for being the most used stablecoin network in the 
world. Traders are viewing this settlement as lowering their legal exposure, 
and therefore will not consider this to be the &#8220;big&#8221; catalyst to move TRX up 
in price. Traders are chasing liquidity, depth of buy/sell orders, and the 
overall macro conditions of crypto when trading TRX. From a legal perspective, 
it is important to note that although this particular case has now closed, 
public accusations of wrongdoing remain on record. As a result, both exchanges 
and custodians must continue to be vigilant in complying with regulations. 
Related Reading: XRP To Pass Bitcoin, US Veteran Claims Amid War Forecast 
Foundations and Ecosystem Outlook The Tron Foundation has been focusing on 
developing technical solutions and providing support for projects within its 
ecosystem. The SEC settlement removes one of the obstacles to developing 
business and joint venture partnerships. However, restoring confidence in the 
ecosystem will take some time. Featured image from Crosley Law, chart from 
TradingView

SEC Vs. Justin Sun Ends In $10M Settlement, Traders Eye TRX Price Reaction

Dubai’s virtual assets regulator has issued a public warning about several 
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Large XRP holders have significantly increased their positions in recent 
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Vancouver city staff say Bitcoin is not permitted under the Vancouver Charter 
and recommend closing Mayor Ken Sim’s 2024 reserve proposal ahead of a March 
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Dubai’s Virtual Asset Regulatory Authority has ordered KuCoin-linked entities 
to cease unlicensed crypto services, warning the exchange is not authorized to 
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Cryptocurrency price in USD