US court dismisses SEC lawsuit against Tron

A U.S. court has dismissed the lawsuit filed by the Securities and Exchange Commission (SEC) against Tron (TRX) founder Justin Sun, the Tron Foundation, and the BitTorrent Foundation, The Block reported. The U.S. District Court for the Southern District of New York also ordered Rainberry, the developer of the BitTorrent protocol and BTT token, to pay a $10 million civil penalty to the SEC. The SEC initially sued Sun and Tron in March 2023 for fraud and selling unregistered securities but later requested a temporary halt to the lawsuit in February 2025 following a change in the commission's leadership.