Justin Sun faces criticism for SEC tokens and inappropriate tweets
Since losing his ambassadorship to the WTO Justin Sun has made some odd decisions, including the launch of a so-called ‘SEC-focused token.’
Since losing his ambassadorship to the WTO Justin Sun has made some odd decisions, including the launch of a so-called ‘SEC-focused token.’
The SEC is responsible for overseeing, regulating, and enforcing compliance on US securities offerings, but following its rules can be tough.
A settlement with the SEC may have permanently bankrupted Ripple. Now, a summary judgement is expected within four weeks.
Beaxy, related firms, and executives have been sued by the SEC for issuing an unregistered security and failure to register.
Sun’s problems have snowballed since the collapse of FTX and the unmasking of Sam Bankman-Fried as a giant fraud.