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TRX, HT, BTT Crashed After SEC Accused Justin Sun of Securities Fraud

On March 22nd, the United States Securities and Exchange Commission (SEC) sued Tron founder Justin Sun for selling and distributing unregistered securities through the TRX and BTT tokens, violating Section 5 of the Securities Act.

After the SEC announcement, several tokens linked to Justin Sun, such as TRX, HT, JST, and SUN, fell sharply, demonstrating investors’ dissatisfaction with the regulators’ statements.

TRX was among the tokens most affected by the SEC measures, falling more than 15% in less than two hours, from $0.06720 to $0.056. 

(By Felix Mollen)

TRON TRON $0.19
+5.72%
Justin Sun SEC
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