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SEC Files Proposed Settlement with Respect to Wash Trading Claims Against Rainberry, Inc.; Dismisses All Remaining Claims

This primary source from U.S. Securities and Exchange Commission supports 1 claim across 1 ledger entry.

Publisher
U.S. Securities and Exchange Commission
Published
2026-03-05
Accessed
2026-09-03
Source quality
primary

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Claims supported by this source

  1. 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.

    Litigation Release 26496: proposed terms, settled Rainberry claim, dismissals, and no-admission/no-denial boundary

    Court enters consent judgment resolving the SEC's Sun defendants case · SEC claims against Sun dismissed; Rainberry ordered to pay $10 million · reviewed 2026-09-03