The TRON Foundation and related entities maintain a ‘zero tolerance’ policy on illegal activities, and legal action will be taken against any person that says otherwise, founder Justin Sun has warned.
Sun’s warning comes just days after the US Securities and Exchange Commission filed a settlement at a New York court with the TRON Foundation, the BitTorrent Foundation and Sun. The three parties had been accused of securities violations, fraud and deceptive promotion activities by the agency under the chairmanship of Gary Gensler. Rainberry, another entity linked to Sun, was required to pay a $10 million civil penalty, but without admitting guilt.
The settlement has been attacked by several parties in the political and legal arenas, who linked it to Sun’s multi-million dollar investment in President Trump’s crypto entities. Others claimed that it showed the ever-reducing oversight powers of the SEC, which has been forced to abandon over half the cases it was pursuing against crypto companies before Trump became president.
Sun is not having it. He took to X to reiterate his company’s approach towards illegal activities and threaten action on any party that spreads false information against him.
“Regarding the recent cases involving internal integrity and digital security, our company reiterates its firm stance against illegal activities,” he posted.
Sun stated that his company (he didn’t explicitly reveal which company he was discussing) has been committed to building a compliant and honest workwork environment. It maintains a ‘zero-tolerance bottom line’ against crimes such as illegal intrusion, embezzlement, illegal control of computer systems, fraud and bribery by non-public officials.
According to Sun, engaging in such behaviors would harm the company’s security and “directly threaten the property and information security of the general public.”
Sun also took aim at those that have challenged legal authority, referring to the recent SEC settlement, which has been challenged by several leaders in the political, financial and tech spheres. Elizabeth Warren said that the deal proved the SEC had become “a lap dog for Trump’s billionaire buddies.”
Richard Blumenthal, the US Senator for Connecticut, said the president’s crypto ventures have become “merely a pay-to-play bribery scheme for gov’t favors,” adding:
Sun warned individuals who continue to spread online rumors against his company “and smear judicial organs” that his comnpany will lend a hand to said organs to take legal measures against them.
Meanwhile, Sun has lauded TRON Inc., a Nasdaq-listed digital asset treasury company that accumulates TRX. Earlier today, it announced that it had acquired 173,000 TRX tokens, bringing its total to 685 million tokens.
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