1d ago
🥶 SHUTDOWN STALLS SUN CASE
The SEC’s case against Justin Sun is delayed again, this time by the US government shutdown.
SEC lawyers are furloughed and “prohibited from working,” putting the market manipulation and unregistered securities lawsuit on ice… 🧵
The case, first brought in 2023, alleges Sun engaged in market manipulation and hired influencers to shill his tokens without proper disclosure.
The SEC and Sun were expected to discuss a final resolution, but now those talks are completely stalled.
The delay comes as Sun deepens his ties to the Trump administration.
He’s a vocal financial supporter and the largest investor in World Liberty Financial, a project from which Trump profits.
Sun was even named an adviser to the project.
But the partnership has been rocky. World Liberty Financial blacklisted a large number of Sun’s tokens and publicly insinuated he was misappropriating them.
Sun also used $TRUMP tokens in HTX exchange wallets to be eligible for a dinner with Trump.
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