SEC, Tron Foundation, and Sun Yuchen jointly submit a motion to request a federal judge to suspend the lawsuit

Odaily Planet Daily reported that the US SEC, Tron Foundation, and Sun Yuchen submitted a joint motion on Wednesday, requesting a federal judge to suspend the lawsuit against Sun Yuchen and his company Tron. This motion is similar to the SEC's suspension request in the Coinbase and Binance cases, and the three parties have stated that they are actively seeking potential solutions. The SEC sued Tron, Sun Yuchen, and BitTorrent in July 2023, accusing them of market manipulation, fraud, and issuing unregistered securities. The SEC claims that Sun Yuchen manipulated the trading volume of TRX tokens through wash trades, with Tron employees conducting over 600000 wash trades. The judge in the case had previously rejected the SEC's request for Tron to submit an additional response. （CoinDesk）