New Allegations Arise Against Justin Sun's TRON as Lawmakers Scrutinize SEC's Delay

Allegations Against Justin Sun: Justin Sun, the founder of TRON, faces accusations from his former partner, Zeng Ying, of artificially inflating TRON prices and manipulating market activities using multiple employee identities.

SEC Investigation: The U.S. Securities and Exchange Commission (SEC) has paused enforcement actions against Sun while exploring a potential settlement, raising concerns among lawmakers about the influence of political and industry pressures on regulatory decisions.

Claims of Market Manipulation: Ying alleges that Sun's rapid wealth increase in 2018 was due to repeated selling of tokens he controlled, which negatively impacted retail investors who lost money during the price surges.

Ongoing Scrutiny: The SEC's handling of the case has come under renewed scrutiny, with House Democrats questioning the rationale behind the agency's pause in enforcement actions against Sun and the implications for regulatory integrity.