Final Judgment - Wash Trading Case (03/05/26)

As part of a global resolution, the SEC filed a proposed final judgment in the U.S. District Court for the Southern District of New York as to the Commission’s claims against Rainberry, Inc., Justin Sun, Tron Foundation Limited, and BitTorrent Foundation Ltd. (the “Tron Defendants”). If approved by the court, the proposed final judgment would settle the Commission’s claim against Rainberry related to wash trading in violation of Section 17(a)(3) of the Securities Act of 1933, and dismiss, with prejudice, the Commission’s remaining claims against Rainberry and all claims against the other Tron Defendants.