On January 16th, according to documents from the Southern District Court of New York, Sun Yuchen's legal team postponed the upcoming fraud and market manipulation trial (the third postponement so far) and restored the previously dissolved Singapore TRON Foundation. The initial lawsuit filed by the US Securities and Exchange Commission (SEC) in March of last year alleged that DeAndre Cortez Way (also known as SouljaBoy), Austin Mahone, and Sun Yuchen may have manipulated TRON and BTT tokens. Cortez Way defaulted, Mahone reached a settlement in August 2023. Sun Yuchen did not respond until a week after the absent judgment against Mahone, admitting that he would fight against the SEC.
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Justin Sun restarts TRON foundation before trial in US court
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Pennsylvania Passes "Bitcoin Rights" Bill and Considers Strategic Bitcoin Reserve Amid Criticism and Potential Economic Benefits
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It is reported that Trump may meet with Ripple CEO and other crypto industry representatives to discuss the formulation of US crypto policy
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EU regulators set out guidelines on restrictions for cryptocurrency providers
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Cardano founder confirms he will work with Trump administration on crypto legislation
Cardano founder Charles Hoskinson has confirmed plans to collaborate with the US government under the leadership of President Trump to help formulate cryptocurrency legislation. The goal is to create a clear regulatory framework for the cryptocurrency industry, which has faced uncertainty and regulatory challenges for years. Hoskinson announced these plans in a recent speech and stated that developing positive policies regarding cryptocurrency requires support from both the Democratic and Republican parties. He stated that his company, Input Output Global (IOG), will establish a separate policy department for cryptocurrency regulation. This office will focus on developing a legislative framework that incorporates the provisions of the 21st Century Financial Innovation and Technology Act (FIT21) and the Responsible Financial Innovation Act (RFIA). He added, "I will work with legislators and the government to push for a bipartisan bill to be passed." -
UK House of Lords backs Digital Asset Property Bill
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Justin Sun has deposited 166 million USDT to Binance in the past 7 hours
According to on-chain analyst @ai_9684xtpa, in the past 7 hours, Sun Yuchen has accumulated a total of 166 million USDT deposited into Binance. -
Justin Sun redeemed 85.53 million USDT from JustLend 4 hours ago and immediately transferred it to Binance
As monitored by on-chain analyst Yu Jin, 4 hours ago, Sun Yuchen's Tron address (TXN...752) redeemed 85.53 million USDT from JustLend and immediately transferred it to Binance. -
Suspected Justin Sun address purchased more than 150,000 ETH in 12 days, worth US$430 million
Lookonchain monitoring data shows that 10 minutes ago, a wallet suspected to belong to Sun Yuchen purchased 18,616 ETH (worth $54.57 million) from Binance again. This wallet has purchased 151,196 ETH worth $435.3 million from Binance and DEX at a cost of $2,879 in less than 12 days.
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