Bitcoin News Daily Official TheBitTimes.com

Donald Trump’s administration has completely changed the tenor of cryptocurrency regulation and enforcement, with the Securities and Exchange Commission (SEC) specifically pausing, dismissing, and amending various actions that had been brought. These changes have come as the SEC has designated Commissioner Hester Peirce to lead a Crypto Task Force with the goal “to provide clarity on the application of the federal securities laws to the crypto asset market.” Protos has identified the crypto-related lawsuits and investigations that the SEC has modified since Trump’s inauguration. You can see them here . Justin Sun Justin Sun, an advisor to Trump-affiliated World Liberty Financial and major investor in the $TRUMP memecoin, was being sued alongside the TRON Foundation. SEC sues Justin Sun over TRX, BTT, market manipulation Read more: Justin Sun directed wash-trading scheme from his US apartment, SEC claim The allegations in this lawsui...

Justin Sun frequently tangles with the legal system, historically as a defendant, but increasingly as the plaintiff.  These cases often involve firms of which Sun disclaims ownership but in which he’s deeply involved nonetheless.  First Digital hits back at Techteryx The lawsuit that has most recently entered the public consciousness is between Techteryx and First Digital Trust.  This suit contains allegations from Techteryx, the firm behind TrueUSD (TUSD), and alleges that First Digital Trust misappropriated portions of the TUSD reserves. It also discusses how large portions of the TUSD reserves were invested in a fund that is now refusing to honor redemptions. Sun asserts that First Digital Trust’s alleged insolvency is the reason for this rejection . Justin Sun bailed out $500M stablecoin TUSD, report Read more: First Digital defends FDUSD from Justin Sun’s attacks First Digital Trust, which is behind the FDUSD stablecoin, has...