Court enters consent judgment resolving the SEC's Sun defendants case
The disposition dismissed all SEC claims against Sun personally and ordered Rainberry—not Sun—to pay a $10 million civil penalty without an admission or denial on the settled claim.
Entities and roles
- Justin SunWLF investor and adviser in a separately resolved SEC case
- Donald J. Trumpnetwork root
Relationships in this file
- Donald J. TrumpWLF investor and adviser during separate SEC dispositionJustin Sun
Money trail
penaltyRainberry civil penalty in SEC consent judgment$10 million - Ordered from
- Rainberry, Inc.
- Ordered to
- U.S. Securities and Exchange Commission
Claims and evidence
- factsettled
The SEC announced a proposed global resolution on March 5, 2026; its later notice records a qualifying judgment or order on March 9. The entered consent judgment dismissed all claims against Justin Sun, Tron Foundation, and BitTorrent Foundation and all remaining Rainberry claims with prejudice, permanently enjoined Rainberry under Securities Act Section 17(a)(3), and ordered Rainberry to pay a $10 million civil penalty. Rainberry did not admit or deny the settled allegation. The payer was Rainberry, not Sun.
- U.S. Securities and Exchange Commission: SEC Files Proposed Settlement with Respect to Wash Trading Claims Against Rainberry, Inc.; Dismisses All Remaining ClaimsLitigation Release 26496: proposed terms, settled Rainberry claim, dismissals, and no-admission/no-denial boundary
- U.S. Securities and Exchange Commission: SEC v. Justin Sun, Tron Foundation Limited, BitTorrent Foundation LTD., Rainberry, Inc., Austin Mahone, and Deandre Cortez WayCase 23-cv-02433; qualifying judgment/order date March 9, 2026
- Justia Dockets & Filings: Final Judgment as to Defendants Justin Sun, Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry, Inc.Docket filing 98: entered March 9, 2026; injunction and $10 million Rainberry penalty
- Associated Press: Trump family deal spree could open door for future presidents to profit from officeCrypto billions section: independent report of the $75 million WLF purchase sequence and later $10 million case resolution